Acquisitions4 Nov 2025, 01:54 pm
Indian Metals & Ferro Alloys Ltd: Board Approves Asset Transfer Agreement with Tata Steel, Declares Interim Dividend
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) announced that its Board of Directors approved an Asset Transfer Agreement (ATA) with Tata Steel Limited (TSL) for the purchase of a Ferro Alloys plant situated at Kalinganagar, Odisha. The acquisition is in line with IMFA's strategy to expand its Ferro Alloys Business. The Board also approved the unaudited financial results for the quarter and half year ended on 30th September 2025 and declared an interim dividend of INR 5.09 per equity share.
Key Highlights
- IMFA Board approves Asset Transfer Agreement with Tata Steel Limited for a Ferro Alloys plant
- Acquisition is in line with IMFA's strategy to expand its Ferro Alloys Business
- IMFA's unaudited financial results for the quarter and half year ended on 30th September 2025 approved
- Interim dividend of INR 5.09 per equity share declared