Indian Metals & Ferro Alloys is currently trading at Rs. 288.50, up by 0.55 points or 0.19 % from its previous closing of Rs. 287.95 on the BSE.
The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 291.95 and Rs. 284.05 respectively. So far 1918 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. 302.00 and Rs. 280.00 respectively. The current market cap of the company is Rs. 743.20 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 (IMFA) has received an approval for sale of its 30 MVA furnace and other related assets, including, the plant and machinery related to briquetting plant and the gas cleaning plant (FAD) to IMFA Alloys Finlease (IAFL), a wholly owned subsidiary of IMFA, as asset sale. The board at its meeting held on January 21, 2013 has approved for the same.
Besides, the sale is for a total purchase price of Rs 33.28 crore which is equal to the written down value of these assets determined as per the Income Tax Act, 1961.
After the completion of the sale of the FAD by IMFA to IAFL, POSCO will subscribe to such number of equity shares in IAFL as would result in IMFA owning 76% of the issued and paid-up share capital of IAFL and POSCO owning the remaining 24% of the issued and paid-up share of IAFL.
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.
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: