IMFA Group scales new heights in FY 2004-05
Turnover crosses Rs 600 crores
Record ferro chrome output & export
Apr 04, 2005
Internal Press Release

IMFA Group, India's largest producer of ferro alloys comprising of Indian Metals & Ferro Alloys Ltd (IMFA) and Indian Charge Chrome Ltd (ICCL), today announced that it had registered a record performance in the Financial Year 2004-05 with turnover crossing Rs 600 crores and ferro chrome output & exports reaching an all time high.

IMFA Group's ferro chrome output for the financial year ending March 31st, 2005 was 1,05,211 tonnes (2.6% increase over the previous year) while chrome ore raising was 2,52,189 tonnes (38.16% increase). Meanwhile, ferro chrome exports registered an all time high of 77,746 tonnes (36.84% increase) garnering a record US$ 56.917 million of foreign exchange earnings. Ferro Silicon production at IMFA Therubali was 36,455 tonnes (1.36% increase) while the Captive Power Plant at ICCL Choudwar generated 825.64 million units (2.18% increase) averaging 94% PLF.

Subhrakant Panda, Joint Managing Director, said : "2004-05 has been a record year for IMFA Group on the strength of excellent operations coupled with firm markets. The dedication and team work was indeed exceptional and I would like to commend every single member of the IMFA Group family without whom this performance would not have been possible."

He added : "I am particularly pleased that we have maintained our leading position in the Country as the principal producer as well as the largest exporter of value added ferro chrome."

For any information relating to IMFA Group or to enquire about a Press Release issued by us please contact:

Mr Kishore Mohan Mohanty