IMFA acquires Tata Steel's Kalinganagar ferrochrome plant, reports improved Q2 FY26 results and positive future outlook
IMFA acquired Tata Steel's Kalinganagar ferrochrome plant for ₹610 crore, significantly boosting capacity. Q2 FY26 results improved, with a positive outlook for Q3 and Q4 due to rising ferrochrome prices.
The acquisition of Tata Steel's Kalinganagar plant is described as a 'game changer,' substantially increasing IMFA's production capacity and market position. This strategic move is expected to fast-track growth plans and deliver consistent value.
The announcement highlights a significant acquisition that positions IMFA as India's largest ferrochrome producer, improved financial results for Q2, and an optimistic outlook for future quarters with expected price increases and operational synergies.
* Indian Metals & Ferro Alloys Limited (IMFA) announced the acquisition of Tata Steel's ferrochrome plant at Kalinganagar, Odisha, for a base purchase consideration of ₹610 crore. * The definitive agreement for the acquisition was signed on 4th November 2025, and it includes a 99 MVA furnace capacity (four furnaces totaling 66 MVA operational, and a 33 MVA furnace under construction) spread over 115 acres. * This strategic acquisition will expand IMFA's total capacity to over 500,000 tons, establishing it as India's largest and the world's sixth-largest ferrochrome producer. * The acquisition is expected to be funded entirely from internal accruals and is anticipated to close within three months, potentially by the end of the calendar year. * The acquisition offers significant operational and logistical synergies due to its proximity to IMFA's chrome ore mines and Paradip port. * IMFA reported improved financial performance for Q2 FY26 and the half-year ended 30th September 2025. * Profit After Tax (PAT) increased to ₹98.77 crore in Q2 FY26, an 8% improvement from Q1 FY26's ₹91.48 crore, with an average realization of ₹1,01,000 per ton. EBITDA stood at a healthy 19.3%. * Management expects Q3 FY26 to be
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