INDIAN METAL - SIMPLIFY STRUCTURE
INDIAN METAL & FERRO ALLOYS LIMITED (IMFA) , a pioneer in producing silicon alloys, today focus is on ferrochrome which imparts the non-corrosive property to stainless steel. A significant portion above 80% of output is exported to the Far East (China, Japan & Taiwan). However, domestic consumption to go up sharply as it is ideally positioned to cater demand. The company 40% revenue is from long term contract with POSCO, Nisshin Steel, JSW , etc. The company has mining division to cater to the raw material requirement. The entire output is consumed in-house. The company also has power division which is a captive power plant. The company is fully integrated with both the captive chrome ore and captive power generation capacity. The company has six furnaces adding up to 187 MVA have been set up at Therubali (Rayagada District) and Choudwar (Cuttack District) in Odisha thus making us the largest merchant producer of ferrochrome in India capable of producing up to 275,00...