Indian Metals & Ferro Alloys Ltd. News and Updates

Keep track of all breaking news on Indian Metals & Ferro Alloys Ltd. from all sources in a single place.

Indian Metals & Ferro Alloys Ltd.

10 Feb 2025

610.95

-2.43%

Indian metal stocks fall as Trump threatens new tariffs

IBTimes India

Shares of domestic metal companies on Monday declined sharply after the US President Donald Trump announced to impose a 25 per cent tariff on all steel and aluminum imports.

Indian Metals & Ferro Alloys Ltd. is trading below all available SMAs

Indian Metals & Ferro Alloys Ltd.

29 Jan 2025

610.95

-2.43%

IMFA Q3 result: PAT drop by 20% to Rs 86 cr impacted by revenue decline

Business Standard

Indian Metals & Ferro Alloys Ltd (IMFA) on Wednesday reported an over 20 per cent fall in profit after tax to Rs 86.13 crore for the December 2024 quarter, impacted by a fall in revenues. It had posted Rs 107.87 PAT in the year-ago quarter, the company said in a statement. The company's revenues fell to Rs 643.22 crore from Rs 685.27 crore in the October-December period of 2023-24. During the quarter, the company said it signed a Power Purchase Agreement (PPA) with JSW Green Energy One and JSW Green Energy Seven for 70 MW hybrid renewable energy (50 MW AC Solar and 100 MW Wind). Further, the final negotiations are ongoing to award major contracts for the ethanol Project, and construction is expected to start shortly with a commissioning timeline of 12 months. IMFA said Bijayananda Mohapatra has been appointed to the Board with effect from January 31, 2025, and will be designated Wholetime Director and COO. Saunak Gupta has been named CFO Designate and will formally take on the ..

Number of FII/FPI investors increased from 82 to 89 in Dec 2024 qtr.

Indian Metals & Ferro Alloys Ltd.

29 Jan 2025

610.95

-2.43%

to see Rapid results content

Indian Metals & Ferro Alloys Ltd.

18 Dec 2024

610.95

-2.43%

IMFA partners with JSW Green Energy for renewable power in smelting ops

Business Standard

Odisha-based Indian Metals & Ferro Alloys Ltd (IMFA), a ferrochrome producer, entered into a joint venture with JSW Green Energy to source renewable energy for its smelting operations, officials said on Wednesday. In a statement, the company said IMFA signed a binding term-sheet with JSW Green Energy One Ltd and JSW Green Energy Seven Ltd, and will invest Rs 83.26 crore in a hybrid project that combines 50 megawatt (MW) AC solar and 100 MW of wind for a total contracted capacity of 70 MW. The company will subsequently sign a power purchase agreement (PPA) as a captive consumer, which will be valid for 25 years, it added. IMFA vice-president Binoy Agarwalla said, "By combining solar and wind power, we are taking a proactive step towards a green future and aligning with the global trend of sustainability." The company also mentioned that it is setting up a 1 lakh tonne per annum greenfield facility at Kalinganagar, Odisha, to augment its ferrochrome production in line with...

Indian Metals & Ferro Alloys Ltd. is trading below all available SMAs

Indian Metals & Ferro Alloys Ltd.

07 Nov 2024

610.95

-2.43%

to see Rapid results content

Indian Metals & Ferro Alloys Ltd.

14 Oct 2024, 02:44PM

610.95

-2.43%

China stimulus flowing very positively for Indian metal sector: Kunal Kothari

Economic Times

Steel prices have risen by 15% globally and by Rs 1000 to Rs 1500 per tonne in India due to China's stimulus measures. The positive trend is expected to continue, with Indian steel producers likely to increase prices post-monsoon. There is no immediate need for government curbs on steel imports.