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Indian Metals receives approval for expansion proposal in Odisha

18 Nov 2019 Evaluate

Indian Metals and Ferro Alloys (IMFA) has received approval for its expansion proposal for 96,000 TPA ferro chrome and 10 MW waste heat recovery boiler at Kalinga Nagar, Jajpur District, Odisha entailing capex of Rs 547.19 crore from the State Level Single Window Clearance Authority of the State Government. The project will be taken up in due course once land is allotted and other formalities are completed.

IMFA is a producer of ferro chrome/ferro alloys. The company operates through two segments - Ferro Alloys and Power.

Peers
Company Name CMP
Nava 508.60
Indian Metal & Ferro 1091.10
Maithan Alloys 773.30
Indsil Hydro Power 29.86
Chrome Silicon 39.18
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