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Indian Metals & Ferro Alloys restarts operations at Mahagiri Chromite Mines

06 Jan 2014 Evaluate

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.

Indian Metal & Ferro Share Price

1466.85 17.65 (1.22%)
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Company Name CMP
Indian Metal & Ferro 1466.85
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