23 Sep 2025 | 5 Mins Read
Anand Rathi recommends buying Indian Metals & Ferro Alloys
Flipitmoney
Indian Metals and Ferro Alloys is raising production capacity by ~35% to 384,000 tonnes with a greenfield ferrochrome plant at Kalinganagar. Environmental clearance for captive chrome ore mines has been raised to 1.2m tonnes and a 120kL/day ethanol plant is being set up at Therubali. IMFA's demand is expected to rise with stainless steel consumption growth in India, with a buy rating.