- Business
- Indian Metals and Ferro Alloys Limited (IMFA) manufactures and sells ferro alloys, primarily high-carbon ferrochrome, charge chrome, and ferro silicon; it also produces pig iron and generates power through captive thermal plants. The company operates primarily in India, with facilities in Odisha and Theruvakkunnu, serving steel manufacturers globally as a key supplier in the ferro alloys industry. Founded in 1961 and headquartered in Bhubaneswar, India, IMFA focuses on integrated production processes, including mining of chrome ore and manganese ore to support its ferro alloy output. In recent developments, IMFA resolved long-standing mining lease issues in 2024, enabling renewed operations at its Odisha chromite mine following court approvals; it also reported improved financial performance in FY2025 with increased production capacity utilization after operational restarts. The company listed on the Bombay Stock Exchange under ticker IMFA.BO, caters to domestic and export markets in steel and alloy sectors, and maintains subsidiaries like IMFA Green Energy for power generation.