Indian Metals & Ferro Alloys
740.35
-23.40(-3.06%)
Market Cap₹4,120.70 Cr
PE Ratio10.87
Company Performance:
1D-3.06%
1M-5.25%
6M-7.58%
1Y+1.08%
5Y+750.00%
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Latest news about Indian Metals & Ferro Alloys
Indian Metals & Ferro Alloys Expands into Aviation Sector with New Subsidiary 3 days ago
Indian Metals & Ferro Alloys Limited (IMFA) has incorporated a wholly-owned subsidiary, Metallix Aviation Private Limited, to enter the aviation sector. The new entity, registered in Odisha, has an authorized capital of Rs. 10.00 crore. IMFA will initially subscribe to 50,00,000 equity shares at Rs. 10 each, investing Rs. 5.00 crore for a 100% stake. This move marks a significant diversification for the ferro alloys manufacturer into aviation-related business activities.
Indian Metals & Ferro Alloys Expands into Aviation Sector with New Subsidiary 3 days ago
Indian Metals & Ferro Alloys Incorporates Aviation Subsidiary Metallix Aviation 3 days ago
IMFA Secures ₹70 Million for Utkal 'C' Coal Mines, Receives Compensation 8 days ago
Indian Metals & Ferro Alloys Completes Merger with Utkal Coal Ltd, Boosts Authorized Share Capital May 27, 2025
More news about Indian Metals & Ferro Alloys
21May 25
Indian Metals & Ferro Alloys Reports 34% Profit Increase in Q4 Despite Revenue Decline
Indian Metals & Ferro Alloys Ltd (IMFA) released Q4 results showing a 34% YoY increase in net profit to ₹47.30 crore, despite a 19% revenue decline to ₹567.20 crore. EBITDA dropped 32.3% to ₹71.00 crore. The company's Kalinganagar expansion project is on track for Q2 FY27 commencement, with an ethanol project planned for Q4 FY26 commissioning.
05Mar 25
Indian Metals and Ferro Alloys Secures Approval for Merger with Utkal Coal
Indian Metals and Ferro Alloys Limited (IMFA) has received approval from the Ministry of Corporate Affairs for the merger of its wholly-owned subsidiary, Utkal Coal Limited, into IMFA. The merger, effective February 28, 2025, aims to streamline operations, reduce costs, and optimize resources. Utkal Coal, originally set up for captive coal mining, lost its purpose after its coal block allocation was cancelled in 2014. The merger will integrate Utkal Coal's assets of ₹221.39 crore and liabilities of ₹226.49 crore into IMFA's balance sheet.
25Feb 25
Indian Metals and Ferro Alloys Secures 40 MW Renewable Power Supply in ₹61.60 Crore Deal
Indian Metals and Ferro Alloys Limited (IMFA) has signed a binding agreement with Ampin Energy Utility One Private Limited for 40 MW of hybrid renewable power. The deal involves a ₹61.60 crore investment for a 16.26% stake in the power producer. The project, combining 58 MW solar and 58 MW wind capacities, is expected to be completed by June 2026. This move aligns with IMFA's sustainability goals and industry trends towards green energy adoption.
Indian Metals & Ferro Alloys
740.35
-23.40
(-3.06%)
1 Year Returns:+1.08%
Industry Peers