Nava has decided to discontinue the production of high carbon ferro chrome (HCFC) for TATA Steel Mining (TSML) at the end of October 2022. The company has encountered technical issues in the production of HCFC for TSML, impacting the Plant’s productivity parameters. The company will undertake a scheduled maintenance of the Odisha smelters in November 2022 and switch over to production of manganese alloys in Odisha Works.
The company has geared up for this additional production in Odisha, besides that in Telangana, aggregating to a rated capacity of 1,80,000 MT of manganese alloys per annum. The switchover would provide the company better economies of scale and improved market share in the manganese alloys segment. The agreement for production of high carbon ferro chrome for TATA Steel Mining was for the period up to March, 2025.
Established in 1972 as an Indian ferro alloys manufacturer, Nava is now a multinational company, operating in India, South East Asia and Africa. It is a diversified group, with businesses in metals manufacturing, power, mining, agribusiness and healthcare.
| 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.. | |
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