IMFA.NSE News

Indian Metals & Ferro Alloys Ltd (IMFA), India’s largest fully integrated producer of value-added ferro chrome, has completed the acquisition of Tata Steel Ltd’s ferro chrome plant at Kalinganagar in Odisha’s Jajpur district for Rs 707.26 crore. The transaction includes a base consideration of Rs 610 crore along with applicable GST and adjustments for net working capital. IMFA financed the entire acquisition through internal accruals. Expansion at Kalinganagar Spread over 115 acres at Kalinganagar, the newly acquired facility houses four furnaces with a combined production capacity of 1 lakh tonnes per annum (TPA). The capacity is expected to increase to 1.5 lakh TPA once the partially constructed fifth furnace becomes operational within the next year. The acquisition significantly strengthens IMFA’s production footprint in Odisha, a key hub for ferro chrome manufacturing in India. Strengthening Market Position IMFA Managing Director Subhrakant Panda described the acquisition as a landmark step in the company’s expansion strategy.

Indian Metals & Ferro Alloys Ltd (IMFA), India

Speaking to ET Digital, Subhrakant Panda, Past President of FICCI and Managing Director of Indian Metals & Ferro Alloys Ltd, said the proposed rare earth mineral corridor underlines the government’s razor-sharp focus on reducing import dependence and building strategic autonomy. Panda said sustained fiscal discipline, continued infrastructure investment, and targeted manufacturing policies strengthen India’s industrial backbone while supporting long-term competitiveness. He highlighted inland waterways, logistics reforms, and the continuation of the semiconductor mission as key enablers for lowering costs and boosting exports. According to Panda, the rare earth push reflects a long-term policy strategy rather than a one-year budget announcement, positioning India to navigate global uncertainty while advancing the goal of Atmanirbhar Bharat.

SYNOPSIS: IMFA shares fell as fears of higher ferrochrome supply from South Africa and cooling domestic prices raised concerns over near-term pricing, prompting investor caution despite stable long-term industry fundamentals. During Tuesday’s trading session, shares of India’s leading fully integrated producer of value-added ferrochrome with 190 MVA installed furnace capacity, translating to 284,000 tonnes per […] The post Why did Indian Metals & Ferro Alloys crashes 17% today? appeared first on Trade Brains .

New Delhi [India], November 7 (ANI): In a bid to cut carbon emissions and ensure sustainable growth, Indian Metals & Ferro Alloys Limited (IMFA) has signed agreements with two leading renewable energy suppliers for 110 MW of hybrid solar and wind power, Managing Director Subhrakant Panda told ANI on Friday. Speaking to ANI, Panda said the company is working towards reducing its carbon footprint with a clear f

Indian Metals & Ferro Alloys (IMFA) is acquiring Tata Steel's ferrochrome plant in Odisha for ₹610 crore, a move expected to make it India's largest and the world's sixth-largest ferro alloy producer. This acquisition will accelerate IMFA's expansion plans, boosting its production capacity significantly and leading to cost savings and operational synergies.

New Delhi [India], November 4 (ANI): Indian Metals & Ferro Alloys Ltd (IMFA), the country's leading fully integrated ferro alloys producer, has signed definitive agreements to acquire Tata Steel Limited's ferro chrome plant in Kalinganagar, Odisha. The acquisition, valued at Rs 610 crore, will add 99 MVA furnace capacity, comprising 66 MVA operational and 33 MVA under construction, taking IMFA's total installed cap

Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday announced the acquisition of Tata Steel’s Ferro Chrome Plant at Kalinganagar in a major step toward expanding its production capacity and strengthening its leadership in the ferro chrome industry. The company has signed an Asset Transfer Agreement valued at Rs 610 crore, which will be funded entirely from internal accruals. The transaction is expected to be completed within three months. The acquisition includes 66 MVA (100,000 tonnes per annum) of existing capacity and 33 MVA (50,000 tonnes per annum) currently under construction. The plant’s strategic location near IMFA’s upcoming greenfield project and captive chrome ore mines is expected to result in significant cost savings and operational synergies. Also Read: IMFA organises mega health camp in Choudwar, offers free diagnostics services and medicines With this acquisition, IMFA will become India’s largest ferrochrome producer and the sixth largest globally, boasting a total installed capacity exceeding 0.5 million tonnes per annum. “This acquisition marks a major milestone in our growth journey.

An analyst sees a silver lining for India as rare earth tensions escalate between the U.S. and China.