1,257.50 25.70(2.09%)
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Indian Metals & Ferro Alloys Limited (IMFA) established in November 20, 1961, is a leading, fully integrated producer of ferro chrome in India. Located in the State of Odisha known for its natural resources, the Company is India's largest producer of ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power facilities and extensive chrome ore mining tracts. The Company's ferro chrome output is primarily exported to Korea, China, Japan and Taiwan.The Company operates two manufacturing units at Therubali and Choudwar in Odisha with a total production capacity of 284,000 TPA and a smelting capacity of 190 MVA. It also enjoys two captive mines (in Sukinda and Mahargiri) with a capacity of 6.51 lakh TPA. During 2000-01, company's turnover has crossed the Rs.200 crore milestone for the first time despite adverse market conditions for its products which prevailed during the year.In 2005-06, the Company merged with ICCL through Composite Scheme of Arrangement & Amalgamation dated 13 October 2006, effective from 01st April, 2005. Pursuant to orders of the Hon'ble High Courts of Andhra Pradesh and Orissa dated 6th November, 2009 and 24th November, 2009 respectively, the Ferro Alloys Division (FAD) of Utkal Manufacturing & Services Ltd (UMSL)...