ICCL bags EEPC Star Performer award
For export excellence under large enterprise category
Aug 11, 2006
Internal Press Release

Indian Charge Chrome Limited (ICCL), a constituent of IMFA Group which is India's largest producer of ferro alloys, has been awarded the EEPC (Engineering Export Promotion Council) All India Award for outstanding export performance during the year 2004-05 under the category "Star Performer in 2004-05 : Large Enterprise – Ferro Alloys". The award, sponsored by the Ministry of Commerce, Government of India, is given every year to meritorious exporters in various categories.

ICCL is being honoured for phenomenal growth in exports of High Carbon Ferro Chrome. The award was presented by Shri Kamal Nath, Hon'ble Union Minister for Commerce & Industry, at a special function in Chennai held on August 10th. Mr Jayant Misra, Director (Corporate), received the award on behalf of ICCL.

Commenting on the occasion, Mr Subhrakant Panda, Managing Director, said: "2004-05 was a record year for IMFA Group on the strength of excellent operations coupled with increase in demand for steel internationally. This award is a matter of great pride for us as it underlines our leadership position in the country as the principal producer as well as the largest exporter of value added ferro chrome."

"With the commissioning of the new 27 MVA plant at our Choudwar complex, the ongoing merger of ICCL with IMFA in order to capture operational & financial synergies, and the dedication & dynamism of our people, we are optimistic of registering further growth in the coming years", he also added.

The Net Foreign Exchange earning of ICCL in FY 2004-05 was Rs 223.85 crores, a jump of over 71% compared to the previous financial (Rs 130.58 crores).

IMFA Group's ferro chrome output was at an all time high in 2004-05 with an output of 1,05,211 tonnes with exports primarily to Far East. The Group enjoys the unique distinction of being the only producer in India to produce in excess of 100,000 tonnes ferro chrome per annum. The Group has been honoured with many national as well as state export awards in the past.

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