Indian Metals & Ferro Alloys Ltd Shareholding Pattern
Promoter Holdings
58.686 %
FIIs
3.348 %
DIIs
0.525 %
MutualFund
0.118 %
Retail
19.341 %
Others -
17.981 %
About Indian Metals & Ferro Alloys Ltd
History of Indian Metals & Ferro Alloys Ltd
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) got merged with the Company effective from 1st April 2009.
The Company commissioned the 30 MW dual fuel power plant in August, 2011. It acquired 70% stake in an Indonesian coal mine Pt Sumber Rah ...ayu Indah through its step-down subsidiary incorporated in Singapore in 2011-12. Utkal Green Energy Limited, a subsidiary of the Company which started its operation during the year 2011-12, has transferred its undertaking comprising of completed Fly Ash
Brick Plant; a Fly Ash Brick Plant under construction; a Light Weight Aggregate Plant under construction together with their respective assets & liabilities on a going concern basis to the Company. It commissioned the 3 MW solar power facility at Therubali in June, 2017.
During the year 2018-19, Hon'ble National Company Law Tribunal, Cuttack Bench passed an Order on 26th March, 2019, approving the Scheme of Amalgamation amongst Indian Metals & Carbide Limited (IMCL), B Panda and Company Private Limited (BPCO) with the Company, which became effective on 30 April, 2019.
The Company established two captive mines, located in Sukinda and Mahagiri in Jajpur, Odisha as well as the capacity for thermal and solar power generation in 2023.
Company commenced work on the 100,000 tonnes per annum ferro chrome greenfield expansion project at Kalinganagar with both furnaces in 2025. In 2025, Utkal Coal Limited, the wholly owned subsidiary got merged with the Company through the Scheme of Amalgamation filed with the Registrar of Companies, Cuttack Odisha, making the merger effective from 28th March, 2025.
FAQs on Indian Metals & Ferro Alloys Ltd
1. Can I buy Indian Metals & Ferro Alloys Ltd from PL Capital? ›
Yes, you can invest in Indian Metals & Ferro Alloys Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Indian Metals & Ferro Alloys Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Indian Metals & Ferro Alloys Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Indian Metals & Ferro Alloys Ltd pay dividends? ›
Yes, Indian Metals & Ferro Alloys Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Indian Metals & Ferro Alloys Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Indian Metals & Ferro Alloys Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Indian Metals & Ferro Alloys Ltd. is ₹ 1319.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Indian Metals & Ferro Alloys Ltd ? ›
The 52-week high and low of Indian Metals & Ferro Alloys Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
