Indian Metals & Ferro Alloys acquires Tata Steel ferrochrome plant for Rs 707 crore
Change
Indian Metals & Ferro Alloys completed the purchase of Tata Steel’s Kalinganagar ferrochrome plant for Rs 707.26 crore, gaining a 115-acre facility with four furnaces producing 100,000 tonnes per annum and funded entirely from Indian Metals & Ferro Alloys' internal accruals.
Why it matters
The acquisition transfers operational control and any remaining construction obligations for a partially built fifth furnace to Indian Metals & Ferro Alloys, making the planned capacity increase to 150,000 tpa dependent on its project timeline. That concentrates near-term decisions on production ramps and supply allocation within a single domestic ferrochrome producer.
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