Incorporated in 1977 Ipitata Refractories Ltd. (IRL) now known as Nilachal Refractories Ltd (NRL) w.e.f. August' 1999, was promoted by B C Patnaik, was in the business of Manufacturing Refractories with an installed capacity of 28,000 MTPA at Jamshedpur in Bihar. The company had a joint project with Tata Refractories Ltd to develop High Alumina Refractories for export. The manufacturing capacity of Steel have increased by 20 Million Tonnes in the State of Orrisa. The Quality of Bogie Bottom Pouring refractories for making cleaner steel had improved a lot by having a joint venture project with TISCO. Nilachal Refractories has become a sick company as per the provisions of SICA and has made reference to BIFR in November,2001. The board is yet to take up the case for hearing.