Indian Metals & Ferro Alloys is currently trading at Rs. 210.25, up by 4.85 points or 2.36% from its previous closing of Rs. 205.40 on the BSE.
The scrip opened at Rs. 208.90 and has touched a high and low of Rs. 219.05 and Rs. 208.90 respectively. So far 1133 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.70 on 04-Jan-2013 and a 52 week low of Rs. 137.60 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 216.00 and Rs. 204.00 respectively. The current market cap of the company is Rs. 552 crore.
The promoters holding in the company stood at 55.73% while Institutions and Non-Institutions held 10.40% and 33.87% respectively. Indian Metals & Ferro Alloys’ has restarted the operations at Mahagiri Chromite Mines with effect from January 04, 2014 upon extension of Environmental Clearance by MoEF, Government of India.
The operations at Mahagiri Chromite Mines had been stopped with effect from October 29, 2013 since compliance of certain conditions imposed by Ministry of Environment & Forests (MoEF) could not be completed within the stipulated time.
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 Choudwar 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 |
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