New Launch12 Nov 2025, 11:45 am
Maithan Alloys Subsidiary, Impex Metal & Ferro Alloys Ltd., Resumes Production After Two Years
AI Summary
Maithan Alloys Ltd. announced that its wholly owned subsidiary, Impex Metal & Ferro Alloys Ltd., has resumed production of Ferro-alloys. The company had fully closed down production in April 2023, but has now successfully switched on one of its two furnaces on November 11, 2025, with the other expected to follow within 5 to 7 days. The resumption of production comes as the Board of Directors approved a Scheme of Amalgamation/Merger of IMPEX with the Company, pending necessary sanction from the National Company Law Tribunal.
Key Highlights
- Maithan Alloys' subsidiary, Impex Metal & Ferro Alloys Ltd., resumes production after two years
- One of the two furnaces has been successfully switched on, with the second expected to follow soon
- Production halted in April 2023 due to indefinite closure
- Board of Directors approved a Scheme of Amalgamation/Merger of IMPEX with Maithan Alloys in May 2025
- Necessary sanction from the National Company Law Tribunal is still pending