Acquisitions5 Feb 2026, 02:29 pm
IMFA Reports Robust Q3 FY26 Results, Announces Greenfield Expansion & Strategic Acquisition
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) announced its Q3 FY26 results with a significant increase in EBITDA, EPS margin, and revenue. The company's greenfield expansion and strategic acquisition are on track, which will double the FeCr capacity. IMFA signed an agreement to acquire Tata Steel Limited’s ferro chrome plant at Kalinganagar, Odisha, and is expanding its greenfield capacity by 100,000 tpa at Kalinganagar. The ethanol project at Therubali is progressing well, with a slight delay in commissioning expected in March 2026. The company aims to increase its exposure to the domestic market and position itself as a sustainability-focused, highly reliable, and globally competitive producer of value-added ferro chrome.
Key Highlights
- IMFA reports robust Q3 FY26 results with increased EBITDA, EPS margin, and revenue
- Company is expanding its FeCr capacity by 100,000 tpa through greenfield expansion and strategic acquisition
- Definitive agreements signed with Tata Steel Limited for the acquisition of a ferro chrome plant at Kalinganagar, Odisha
- Ethanol project at Therubali is progressing with a slight delay in commissioning expected in March 2026
- IMFA aims to increase its exposure to the domestic market and position itself as a sustainability-focused, highly reliable, and globally competitive producer of value-added ferro chrome