Indian Metals & Ferro Alloys Ltd Performance
Open
702.05
Traded Value (Cr)
12.83 Cr
Prev. Close
706.1
VWAP
678.2
Volume
83,386
Face Value
10
Indian Metals & Ferro Alloys Ltd Fundamentals
Indian Metals & Ferro Alloys Ltd Financials
Resistance and Support
₹706.32
PIVOT
Resistance | |
---|---|
First Resistance | ₹720.433 |
Second Resistance | ₹741.117 |
Third Resistance | ₹755.233 |
Support | |
---|---|
First Resistance | ₹685.633 |
Second Resistance | ₹671.517 |
Third Resistance | ₹650.833 |
RSI | 48.206 |
MACD | 2.645 |
ADX | 25.685 |
CCI | -109.000 |
Delivery and Volume
About Indian Metals & Ferro Alloys Ltd
Indian Metals & Ferro Alloys Limited (IMFA) established in November 20, 1961 as a Public Limited Company, is a leading, fully integrated producer of ferro chrome in India. Located in the State of Odisha known for its natural resources, the Company is India's largest producer of ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power facilities and extensive chrome ore mining tracts. The Company's ferro chrome output is primarily exported to Korea, China, Japan and Taiwan. The Company operates two manufacturing units at Therubali and Choudwar in Odisha with a total production capacity of 284,000 TPA and a smelting capacity of 190 MVA. It also enjoys two captive mines (in Sukinda and Mahargiri) with a capacity of 6.51 lakh TPA. IMFA has captive power generation capacity of 204.55 MW and solar power capacity of 4.55 MW. During 2000-01, company's turnover has crossed the Rs.200 crore milestone for the first time despite adverse market conditions for its products which prevailed during the year. In 2005-06, the Company completed Composite Scheme of Arrangement & Amalgamation approved by the Shareholders and Creditors as also by the Hon'ble High Court of Orissa vide its Order dated 13th October 2006. Consequently, ICCL merged with the Company effective from the Appointed date i.e., 01st April, 2005. Pursuant to orders of the Hon'ble High Courts of Andhra Pradesh and Orissa dated 6th November, 2009 and 24th November, 2009 respectively, the Ferro Alloys Division (FAD) of Utkal Manufacturing & Services Ltd (UMSL) got merged with the Company effective from the Appointed date ie. 1st April 2009. The Company commissioned the 30 MW dual fuel power plant in August, 2011. It acquired 70% stake in an Indonesian coal mine Pt Sumber Rahayu Indah through its step-down subsidiary incorporated in Singapore in 2011-12. Utkal Green Energy Limited, a subsidiary of the Company which started its operation during the year 2011-12, has transferred its undertaking comprising of completed Fly Ash Brick Plant; a Fly Ash Brick Plant under construction; a Light Weight Aggregate Plant under construction together with their respective assets & liabilities on a going concern basis to the Company. It commissioned the 3 MW solar power facility at Therubali in June, 2017. During the year 2018-19, Hon'ble National Company Law Tribunal, Cuttack Bench passed an Order on 26th March, 2019, approving the Scheme of Amalgamation amongst Indian Metals & Carbide Limited (IMCL), B Panda and Company Private Limited (BPCO) with Indian Metals & Ferro Alloys Limited (the Company), which became effective on 30th April, 2019.
Managing Director
Subhrakant Panda
Founded
1961
NSE Symbol
IMFA
Indian Metals & Ferro Alloys Ltd Management
Name | Designation |
---|---|
Baijayant Panda | Vice Chairman |
Subhrakant Panda | Managing Director |
N R Mohanty | Chairman (Non-Executive) |
Prem Khandelwal | Chief Finance Officer & CS |
C R Ray | Whole-time Director |
Stefan Georg Amrein | Director |
Bijoy Kumar Das | Independent Director |
Latha Ravindran | Independent Director |
Barada Kanta Mishra | Independent Director |
Indian Metals & Ferro Alloys Ltd News
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