Indian Metals & Ferro Alloys Limited
Indian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer ofFerro Chromein India which is primarily used in the production of stainless steel. It was set up in 1961.
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Indian Metals & Ferro Alloys (IMFA) is investing ₹110.18 Cr to acquire a 26% stake in EG URJA STROT Private Limited, a renewable energy producer. This strategic move secures a 29-year Power Purchase Agreement for ~65 MW of hybrid renewable power (solar, wind, and battery storage) under a captive consumer...
IMFA has completed the acquisition of Tata Steel's Ferro Chrome plant in Kalinganagar, Odisha. The total deal value stands at Rs 707.27 Cr, covering the base purchase, GST, and net working capital. This strategic acquisition significantly boosts IMFA's Ferro Chrome capacity, aligning with its future growth plans. The new plant...
IMFA has made a key investment in the renewable energy space, acquiring equity shares worth Rs 12.81 Cr in JSW Renew Energy Twelve Limited (JRETL). This first tranche allotment boosts IMFA's total stake in JRETL to 26%. The move signals IMFA's strategic diversification into the high-growth renewable energy sector, enhancing...
Indian Metals & Ferro Alloys (IMFA) has approved the acquisition of Tata Steel's Ferro Alloys plant in Kalinganagar, Odisha, for a base consideration of Rs 610 Cr. This strategic move aims to significantly expand IMFA's Ferro Alloys capacity and drive future growth. The acquisition offers strong locational advantages and cost...
Indian Metals & Ferro Alloys (IMFA) has secured a 7.58% equity stake in AMPIN ENERGY UTILITY ONE PVT. LTD. (AEUOPL). The company invested Rs 12.32 crore for this first tranche, acquiring 1.23 crore shares. This strategic investment aims to bolster IMFA's presence in the energy utility sector, crucial for operational...