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Indian Metals strengthens on restarting its operations at Nuasahi mines

26 Dec 2012 Evaluate

Indian Metals & Ferro Alloys is currently trading at Rs 277.95, up by 8.90 points or 3.31% from its previous closing of Rs 269.05 on the BSE.

The scrip opened at Rs 266.15 and has touched a high and low of Rs 290.00 and Rs 266.15 respectively. So far 7818 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 389.45 on 17-Feb-2012 and a 52 week low of Rs 220.00 on 20-Sep-2012.

Last one week high and low of the scrip stood at Rs 290.00 and Rs 262.00 respectively. The current market cap of the company is Rs 701.38 crore.

The promoters holding in the company stood at 55.72% while Institutions and Non-Institutions held 10.89% and 33.38% respectively.

Indian Metals & Ferro Alloys has received an approval from the Orissa High Court, as an interim relief permitting the company to restart operations at its Nuasahi mines.

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
Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
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