What we do Indian Metals & Ferro Alloys Ltd is India's largest fully integrated producer of ferro chrome, serving global stainless steel industries with primary exports to East Asia. |
Founded in 1,961 |
Market share Holds approximately 25% of India's ferro chrome production; a key player in the international stainless steel supply chain. |
Problem solved Addresses supply challenges by integrating mining, smelting, and captive power to ensure reliable and cost-effective ferro chrome production. |
Top clients or who we serve Supplies primarily to stainless steel producers in Korea, China, Japan, Taiwan; B2B industrial clientele. |
Key management Subhrakant Panda (Managing Director), Bijayananda Mohapatra (Whole-time Director & COO), Saunak Gupta (CFO). |
Our journey and innovations Founded in 1961, merged with ICCL in 2006; expanded power plants; initiated large scale greenfield projects and diversified into ethanol production. |
Where we operate Manufacturing in Odisha, India; exports globally, mainly to East Asia; has subsidiaries in Singapore and Indonesia (coal mining). |
Top products or what we offer Ferro chrome with 190 MVA smelting capacity, captive thermal and renewable power generation, and chrome ore mining. |
Top brands IMFA's flagship brand is its ferro chrome product; key projects include the Kalinganagar ferro chrome expansion and renewable energy ventures. |
Raw materials needed Chromite ore and coal for power generation are essential raw materials for ferro chrome production. |
Raw materials supplier Owns captive mines in Sukinda and Mahargiri, Odisha, ensuring supply integration; coal mines in Indonesia as well. |
Recurring vs cyclical contribution Revenue is largely recurring due to integrated operations but influenced by global ferro chrome pricing cycles. |
Our industry position Market leader in India with strong export presence; faces global competition mainly from South Africa and China. |
Financial highlights FY25 revenue: ₹2564.57 crore; PAT: ₹378.09 crore; EBITDA: ₹530.51 crore; profitable with consistent cash flows. |
Geographical revenue split ~10% revenue from India; ~90% from exports, primarily to East Asian countries. |
Order book - |
Whats driving growth Expansion in ferro chrome capacity, renewable energy integration, diversification into ethanol, and strong demand from stainless steel producers. |
Our future plans Commission 100,000 TPA Kalinganagar plant by mid-2026; expand mining capacity to 1.2 million TPA by 2031; develop renewable power projects. |
Our green promise Investing in 110 MW renewable energy; reducing emissions and water consumption; committing to sustainability and safety standards. |
Our people and values Over 2000 employees; focus on safety, training, and inclusive corporate culture. |
Key challenges ahead Global ferro chrome price volatility, raw material availability, energy costs, regulatory and environmental compliance. |
Interesting facts Net debt free; diversified into ethanol with a 120 KLD unit; greenfield capacity expansion underway. |
Risks and strategy Mitigates market risks through vertical integration, diversified energy portfolio, and strategic exports; pursues continuous growth and sustainability. |
