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 offers locational advantages and cost synergies, benefiting from proximity to IMFA's existing mines and a greenfield project.

This move is set to strengthen IMFA's ability to tap into new opportunities in the domestic market.