Indian Metals & Ferro Alloys Limited has informed the Exchange about General Updates
IMFA · price
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IMFA provided a project status update covering three initiatives. The greenfield ferro chrome project at Kalinganagar (100,000 tpa, 2x33 MVA furnaces) is in final construction stage with pre-commissioning of the first furnace targeted for June 2026 and the second for September 2026. The strategic acquisition at Kalinganagar is fully complete with all four furnaces now operational. The ethanol project at Therubali has been delayed — equipment delivery slippage and geopolitical factors have pushed the expected commissioning to July 2026, though management states there will be no material financial impact.
The greenfield project on track for phased commissioning is a positive near-term catalyst. The ethanol project delay is a setback but management has reassured on financials, limiting downside unless delays extend further.