IMFA draws up Rs 700 crore expansion plan
Aug 01, 2006
Business Standard

The Odisha-based Indian Metals & Ferro Alloys Ltd. (IMFA) is investing Rs 700 crore for a three-phased expansion that will see near-doubling of its capacity. The project is expected to be completed by 2009-10. The company will also merge with itself its subsidiary, Indian Charge Chrome Limited (ICCL) by the end of this month.

The first part of the expansion – the commissioning of a 27 MVA ferro chrome furnace was completed in March this year at a cost of Rs 50 crore.

The second phase of the expansion involves the setting up of a 30 MW co-generation power plant at a cost of Rs.100 crore apart from another 27 MVA ferro chrome furnace with an outlay of Rs. 50 crore. This phase is expected to be completed by 2008-09.

The third phase of expansion includes the setting up of a 120 MW independent power plant, which will cost the company Rs 400 crore and a 48 MVA furnace at an additional cost of Rs 100 crore.

The third phase is expected to be completed by 2009-10.

The company already has five furnaces with a combined capacity 157 MVA that together produce 40,000 tonne of ferro silicon and 1,10,000 tonne of ferro chrome per annum. It also has a 108 MW captive power plant for internal use.

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