IMFA benefits from assured off-take

  • IMFA: Kalinganagar Project, will increase production capacity by 40%


  • Business Highlights • Chrome Ore raising crossed 700,000 lakh tonnes mark for the first time • Work has started on the 100,000 tpa ferro chrome expansion at Kalinganagar • Agreement signed with leading RE companies for 110 MW hybrid renewal energy on RTC basis • Ethanol Project on track to be commissioned in Q4 FY26
  • Market Commentary – Q4 FY26 and Outlook Commodity markets in general were affected by geopolitical disputes and uncertainty brought about by trade policy related developments. As a result, ferro chrome prices in particular corrected sharply making it unviable for most producers, especially as chrome ore prices remained elevated due to supply constraints. South Africa continued to experience high logistics and electricity costs, and Glencore announced that it would curtail ferro chrome production until market conditions were more conducive. There has been a noticeable turnaround in ferro chrome prices, supported by measures taken by China to support domestic consumption. Moreover, the announcement of a preliminary deal to walk back reciprocal tariffs by the US and China is also a positive development. As such, a positive bias for ferro chrome prices is expected in the first half of FY26 especially given higher input costs.
  • Management Comment Commenting on the results, Mr Subhrakant Panda, Managing Director said: “Despite a challenging macroeconomic environment and depressed commodity prices during Q4, IMFA demonstrated resilience by leveraging its fully integrated business model and long term debt free Balance Sheet along with a sharp focus on operational efficiency. With ferro chrome prices recovering from its recent lows, we are seeing improved margins in the ongoing quarter which will translate into better financial performance going ahead.” Mr Panda added: “The Kalinganagar Project, which will increase production capacity by 40%, is on track and we expect to start operations in Q2 FY27. We have tied up with leading RE companies for hybrid renewable energy timed with our expansion plans, and this will substantially reduce our carbon footprint. Similarly, the diversification into ethanol looks to effectively utilise available infrastructure and will be value accretive.”


https://youtube.com/shorts/4emBHONRWEo?si=Fm8ZieffXEtiQMA1


  • IMFA benefits from assured off-take
  • IMFA's dedication to quality has earned it a strong global reputation. 
  •   94.73% Exports during FY 2023-24
  • IMFA’s core smelters business is largely export oriented at the moment with more than 90% of ferro chrome output being sold in South Korea, China, Taiwan, and Japan. Through long-standing relationships with stainless steel producers and a strong customer orientation, the Company benefits from assured off-take resulting in stable operations   
  • Esteemed clientele includes multinational giants like POSCO (South Korea), Tsingshan Group (China), E-United Group (Taiwan), and Marubeni Corporation (Japan) alongside prominent domestic stainless steel producers such as Shri Balaji Industrial Products Limited, Rimjhim Ispat, BRG Steel, and AIA Engineering among others.   






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