Indian Metals & Ferro Alloys Limited (IMFA) has successfully recommenced operations at its newly acquired Ferro Chrome Plant located in Kalinganagar, Odisha. On March 11, 2026, the company switched on two furnaces, marking the start of production at this facility. This development follows the acquisition announcement made on February 27, 2026. The company plans to operationalize the remaining two furnaces shortly, which will further enhance its total production capacity.

Indian Metals & Ferro Alloys Limited (IMFA) has finalized the acquisition of Tata Steel's Ferro Chrome plant located in Kalinganagar, Odisha. The transaction involves a base cash consideration of Rs 610 crores, plus an additional Rs 29.21 crores for net working capital and applicable GST. This strategic move is designed to expand IMFA's production capacity and leverage cost synergies due to the plant's proximity to the company's captive mines. The acquisition is expected to drive the next phase of growth and strengthen IMFA's position in the domestic ferro chrome market.

IMFA reported a robust Q3 FY26 with EBITDA margins exceeding 23%, driven by improved ferrochrome realizations and operational efficiencies. The company is set to close the ₹610 crore acquisition of Tata Steel's Kalinganagar ferrochrome plant in February 2026, which will make it India's largest producer with a total capacity exceeding 0.5 million tonnes. Additionally, the greenfield KNR 1 project is on track for June 2026 commissioning, while a new ethanol project will begin contributing to revenue from April FY27. Management remains optimistic as South African supply constraints and IMFA's integrated business model provide a significant competitive edge.

IMFA reported a robust Q3 FY26 with Net Profit (PAT) rising 40.3% YoY to ₹130.67 crore, supported by improved realizations and stable costs. The company is executing a major growth strategy, including a ₹610 crore acquisition of Tata Steel's Kalinganagar plant and a 100,000 tpa greenfield expansion, which will double its ferro chrome capacity to 534,000 tpa. Revenue for the quarter grew 9.3% YoY to ₹702.83 crore, while EBITDA margins remained strong at 23.38%. The company's fully integrated model with captive mines provides a significant competitive advantage as it scales to become India's largest producer.

Indian Metals & Ferro Alloys (IMFA) reported a strong financial performance for Q3 FY26, with Profit After Tax (PAT) rising 40.3% year-on-year to ₹130.67 crore. Revenue from operations grew 9.3% to ₹702.83 crore, primarily driven by the ferro alloys segment which contributed ₹702.30 crore. The company also announced the appointment of Dr. Deepak Kumar Mohanty, a former Executive Director of the RBI and Chairperson of PFRDA, as an Independent Director. A one-time financial impact of ₹6.05 crore was recorded due to the implementation of new Labour Codes.

IMFA reported a strong performance for Q3 FY26, with Profit After Tax (PAT) rising 40.3% year-on-year to ₹130.67 crore. While revenue from operations grew 9.3% YoY to ₹702.83 crore, it saw a slight sequential decline from ₹718.65 crore in Q2. The company's profitability was supported by strong segment results in Ferro Alloys and a tax adjustment of ₹13.57 crore from earlier periods. Additionally, the board has been strengthened with the appointment of Dr. Deepak Kumar Mohanty, former Chairperson of PFRDA and Executive Director of RBI, as an Independent Director.