Indian Metals & Ferro Alloys Ltd News
Breakout stocks: Analyst recommends IMFA, LTIMindtree, Coforge; check TP
IMFA, LTIMindtree and Coforge among breakout buys recommended by Kunal Kamble of Bonanza on strong momentum and volume signals
 "Breakout stocks: Analyst recommends IMFA, LTIMindtree, Coforge; check TP")
Dividend stocks today: These 10 stocks to remain in focus; do you own any?
Dividend stocks: Among the companies, Nuvama Wealth Management tops the list with an interim dividend of ₹70 per share
 "Dividend stocks today: These 10 stocks to remain in focus; do you own any?")
IMFA to acquire Tata Steel's ferro chrome plant in Odisha for ₹610 crore
Indian Metals & Ferro Alloys Ltd (IMFA) has signed definitive agreements to acquire Tata Steel's ferro chrome plant at Kalinganagar, Odisha, for a base consideration of Rs 610 crore. The acquisition adds 99 MVA furnace capacity - 66 MVA operational and 33 MVA under construction - taking IMFA's total installed capacity beyond 0.5 million tonnes per annum, the company said in a statement. With this deal, IMFA becomes India's largest and the world's sixth-largest ferro-chrome producer. Spread across 115 acres, the Kalinganagar facility includes four furnaces capable of producing 100,000 tonnes per annum, expected to rise to 150,000 tonnes once a fifth furnace is commissioned. The plant's proximity to IMFA's captive chrome ore mines is expected to yield cost savings and operational synergies. The transaction, subject to regulatory approvals, is likely to close within three months. Calling the acquisition "transformational," IMFA Managing Director Subhrakant Panda said it would ...
 "IMFA to acquire Tata Steel's ferro chrome plant in Odisha for ₹610 crore")
