IMFA greenfield ferro chrome project nears commissioning at Kalinganagar

Greenfield CommissionedCapex & Operations View source PDF

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+2.5%1-day move

₹1340.00

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₹1306.90

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AI summary

IMFA has received Consent to Operate and Factory License for its greenfield ferro chrome expansion project (KNR 1) at Kalinganagar. The first furnace will be switched on next week, with first hot metal tapping expected around August 15-20. The project is moving into its commissioning phase.

Likely market impact

Positive: greenfield capacity coming online soon, which could boost future revenue and earnings once production stabilises.