Indian Metals and Ferro Alloys Reports Status Update on Key Projects
Indian Metals & Ferro Alloys Limited provided updates on the status of its key ongoing projects, detailing milestones for its Kalinganagar facilities and its Ethanol Project at Therubali.The company reported that the Greenfield Ferro Chrome Project in Kalinganagar, rated at 100,000 tpa (2 x 33 MVA), is nearing completion. Pre-commissioning activities are scheduled for the first furnace in June 2026, with the second furnace set to commence pre-commissioning in September 2026.
In separate news, the strategic acquisition in Kalinganagar has been finalized, making all four furnaces operational across the site.
The Ethanol Project located at Therubali reported a delay in its commissioning timeline. This slippage is attributed to late delivery of certain equipment and the ongoing impact of the geopolitical crisis. Despite the delay, erection work remains in progress, and the project is now anticipated to be commissioned in July 2026. The company noted that this delay will not have a material impact on its financials.
The update was issued by the Chief Financial Officer of Indian Metals & Ferro Alloys Limited on April 15, 2026.
IMFA Stock Price Movement
Today, Indian Metals & Ferro Alloys Limited shares edged higher to close at ₹1417, gaining 1.96% in a session where the stock saw a solid uptick of ₹27.20. The equity traded robustly throughout the day, recording a significant volume of 119,213 shares.Source:
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