ICCL to temporarily cease ferro chrome operations for major overhaul
Captive Power Plant to continue operating
Jun 14, 2001
Internal Press Release

Indian Charge Chrome Ltd (ICCL), the Odisha based integrated ferro chrome producer which is part of the IMFA Group, today announced a temporary shutdown of its ferro chrome furnace at Choudwar for a complete overhaul which is expected to take 2 months. ICCL's 48 MVA furnace which was commissioned more than 12 years ago will be shut down at the end of July for a complete relining. The 108 MW captive power plant will, however, continue to operate and supply power to sister company Indian Metals & Ferro Alloys Ltd (IMFA).

Commenting on the shutdown Mr Subhrakant Panda, Joint Managing Director ICCL said, "Relining, though a major activity, is a routine event in the life of a furnace. All export orders have been fulfilled and we plan to utilise the shutdown period effectively by conducting training programmes for our employees and implementing various cost cutting measures. Thereafter, we will be able to operate at a higher load and more efficiently due to the complete overhaul."

The temporary shutdown for maintenance comes after a marked improvement in ICCL's performance during the last fiscal. While the turnover increased 75% from Rs 93 crores in 1999-00 to Rs 163 crores in 2000-01, operating profits improved to Rs 27.5 crores. Along the way ICCL also set several new records for itself. Both ferro chrome production (54352 mt) and exports (52867 mt) during the last fiscal were higher than what was achieved in 1999-00 (49597 mt production & 43084 mt exports). The captive power plant generated 770.32 million kwh which is an all time record.

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

Mr Kishore Mohan Mohanty
Bhubaneswar
email: kishoremohanty@imfa.in