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Indian Metals & Ferro Alloys acquires plants from UGEL

15 Mar 2012 Evaluate

Indian Metals & Ferro Alloys has acquired certain plants from its wholly owned subsidiary Utkal Green Energy (UGEL). The company has acquired it as a going concern basis together with their respective assets and liabilities.

The respective unit - one completed fly ash brick plant, one under construction fly ash brick plant and one under construction light weight aggregate plant is transferred from UGEL to the company.

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 Choudwar2 districts of Orissa. The company’s operations are supported by a 108 MW captive thermal power plant (at Choudwar) and captive chromite mines.

Indian Metal & Ferro Share Price

1566.85 14.30 (0.92%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
Indian Metal & Ferro 1566.85
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