IMFA Obtains CTO and Factory License for Kalinganagar Greenfield Ferro Chrome Expansion

Leading fully integrated producer of ferro alloys Indian Metals & Ferro Alloys Limited (IMFA) (NSE: IMFA | BSE: 533047 | CIN: L27101OR1961PLC000428) has announced regarding a critical operational milestone for its greenfield ferro chrome expansion project at Kalinganagar, Odisha (KNR 1).

Key Project Updates & Timeline

Regulatory Approvals Secured: IMFA has obtained both the mandatory Consent to Operate (CTO) and Factory License for the Kalinganagar expansion project (KNR 1).

Furnace Activation Schedule: The company will initiate the technical procedures to switch on the first Submerged Arc Furnace (SAF) during the upcoming week.

First Hot Metal Tapping Expected: Hot metal tapping from the first furnace is slated to occur between August 15 and August 20, 2026.

The operationalization of the Kalinganagar unit marks a major strategic expansion for IMFA, adding significant production capacity to its existing ferro chrome manufacturing footprint in Odisha.

Shares of Indian Metals & Ferro Alloys Limited was last trading in BSE at Rs. 1334.45 as compared to the previous close of Rs. 1371.25. The total number of shares traded during the day was 2467 in over 291 trades.

The stock hit an intraday high of Rs. 1373.95 and intraday low of 1331.00. The net turnover during the day was Rs. 3317295.00.

Source : Equity Bulls

Keywords

IndianMetalsandFerroAlloys INE919H01018 IMFA