RBI's announcement to ease financial situation in current pressing environment

Mr. Subhrakant Panda, CEO and Managing Director, Indian Metals and Ferro Alloys.

"Comprehensive set of measures announced by the RBI Governor, Shaktikanta Das, will boost liquidity in the system & help borrowers tide over temporary cashflow mismatch. Transmission of rate cut is imperative as is lending by banks during these challenging times."

Shares of INDIAN METALS & FERRO ALLOYS LTD. was last trading in BSE at Rs.106.05 as compared to the previous close of Rs. 106. The total number of shares traded during the day was 1886 in over 78 trades.

The stock hit an intraday high of Rs. 116 and intraday low of 106. The net turnover during the day was Rs. 207142.

Indian Metals & Ferro Alloys Ltd (IMFA) is India's leading fully integrated producer of value added ferro chrome with capacity of 284,000 tonnes per annum. Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the Company has manufacturing complexes in Therubali & Choudwar backed up by captive power generation of 262.55 MW (including 4.55 MWp solar) and own chrome ore mines in Sukinda & Mahagiri. IMFA has an Integrated Management System with quality, environment and occupational health & safety certification.

Source : Equity Bulls

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