IMFA records 31% increase in ferro chrome production
Increase in output coincides with bullish outlook
Apr 09, 2008
Internal Press Release

Indian Metals & Ferro Alloys Ltd (IMFA; estd 1962), India's largest producer of ferro alloys, has recorded a 31% increase in ferro chrome output for the year 2007-08 at 169,947 tonnes (previous year: 129,848 tonnes) which is an all time record and coincides with a bullish outlook for the alloy on the back of strong demand.

This was the outcome of a concerted strategy to increase ferro chrome output as a result of which ferro silicon production declined to 16,104 tonnes (previous year: 30,624 tonnes). Meanwhile, chrome ore output mined entirely for captive use increased by nearly 30% to 418,524 tonnes (previous year: 323,183 tonnes) while power generation during FY 2008 stood at 785 million units.

IMFA, which has won several national export awards for its outstanding performance, also exported a record 116,357 tonnes of value added ferro chrome during FY 2008 which was an increase of 27% higher over the previous year's 91,554 tonnes.

Commenting on the Company's operational performance Mr Subhrakant Panda, Managing Director, said: "We have strived hard during the recently concluded financial year to capitalise on our unique strength of being India's only fully integrated producer of value added ferro chrome. The record output coincides with a bullish outlook for the alloy on the back of strong demand from the stainless steel industry."

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Mr Kishore Mohan Mohanty