Indian Metals and Ferro Alloys Limited Overview
Pro stress-test →Indian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer of Ferro Chrome in India which is primarily used in the production of stainless steel. The company has emerged as India's largest fully integrated ferro chrome manufacturer accounting for 20% of output and 25% of exports.
Strategic Profile
Pro stress-test →The company's operations cover the entire production chain, from owning its own chromite mines and power plants to smelting the ore and exporting the final product, ensuring consistent quality and cost competitiveness. IMFA plans to boost ferro chrome production to 500,000 tonnes by FY28 involving a capital outlay of Rs.1,610 crore.
Competitive Landscape
Pro stress-test →IMFA dominates as India's largest integrated ferro chrome producer with 20% domestic output share and 25% of exports, competing primarily on vertical integration and cost efficiency. The company faces international competition from South African and other global ferrochrome producers, with commodity price volatility being a key competitive factor.
Industry Context
Indian Metals and Ferro Alloys Limited operates in Metals & Mining - Ferro Alloys / Stainless Steel Supply Chain.
Key facts
Founded: 1961 · Headquarters: Bhubaneswar, Odisha, India · Employees: 2,072 · Revenue: ₹703 Cr (Q3 FY26) · Market cap: ₹7,768 Cr (~$930M)