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.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1566.85 |
| Maithan Alloys | 1036.10 |
| Nava | 704.50 |
| Indsil Hydro Power | 41.30 |
| Shyam Century | 5.61 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: