Indian Metals & Ferro Alloys is currently trading at Rs. 131.00, up by 1.20 points or 0.92% from its previous closing of Rs. 129.80 on the BSE.
The scrip opened at Rs. 131.00 and has touched a high and low of Rs. 131.00 and Rs. 131.00 respectively. So far 10 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.00 on 13-Apr-2015 and a 52 week low of Rs. 116.50 on 08-Sep-2015.
Last one week high and low of the scrip stood at Rs. 137.90 and Rs. 125.00 respectively. The current market cap of the company is Rs. 346.66 crore.
The promoters holding in the company stood at 55.74%, while Institutions and Non-Institutions held 10.86% and 33.40% respectively.
Indian Metals and Ferro Alloys has reportedly filed a nearly $600 million claim against Indonesia in the international court, alleging that overlapping mining permits have disrupted its operations. The Permanent Court of Arbitration will hold a hearing on the case in Singapore on December 6.
The company is holding mining business permits but it cannot produce because they overlap with seven other permits in East Barito, Tabalong and South Barito. Land disputes and overlapping permits for plantation and mining operations are a common problem in Indonesia as various government agencies use different maps and data.
Indian Metals & Ferro Alloys is primarily involved in the production of ferro alloys including charge-chrome (high-carbon ferro-chrome), and has an installed furnace capacity of 157 MVA in its two units in Therubali and Choudwar districts of Orissa. The company’s operations are supported by a 108 MW captive thermal power plant (at Choudwar) and captive chromite mines.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1546.10 |
| Maithan Alloys | 1022.70 |
| Nava | 727.10 |
| Indsil Hydro Power | 41.76 |
| Shyam Century | 5.82 |
| View more.. | |
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