Project Update15 Apr 2026, 05:33 pm
IMFA Provides Project Update: Ethanol Project Delayed, Ferro Chrome on Track
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) has provided an update on its ongoing projects. The Greenfield Ferro Chrome project, a 100,000 tpa facility, is nearing completion with pre-commissioning for the first furnace scheduled for June 2026 and the second for September 2026. The Strategic Acquisition in Kalinganagar has been completed, and all four furnaces are now operational. However, the Ethanol Project in Therubali faces a delay, with commissioning now expected in July 2026, attributed to equipment delivery slippage and geopolitical issues. IMFA stated that this delay will not have a material impact on the company's financials.
Key Highlights
- Greenfield Ferro Chrome project's first furnace pre-commissioning by June 2026.
- Second furnace of Ferro Chrome project expected by September 2026.
- Strategic Acquisition in Kalinganagar is complete and fully operational.
- Ethanol Project commissioning delayed to July 2026 due to equipment and geopolitical issues.
- Ethanol project delay is not expected to materially impact company financials.