Indian Metals & Ferro Alloys Limited Announces Board Changes

Indian Metals and Ferro Alloys Limited is an India-based holding company. The Company is a producer of ferro chrome in India. It operates through three segments: Ferro Alloys, Power and Mining. The Company has established two captive mines, located in Sukinda and Mahagiri in Jajpur, Odisha. The Company has a captive power generation capacity of over 204.55 megawatts (MW) and solar power capacity of approximately 4.55 MW. The Company operates two manufacturing units at Therubali and Choudwar, which are situated in Odisha with a total production capacity of 284,000 and a smelting capacity of over 190 megavolt-amperes (MVA). It has approximately 190 MVA installed furnace capacity backed up by 204.55 MW captive power facilities and extensive chrome ore mining tracts. The Company’s ferro chrome output is primarily exported to Korea, China, Japan and Taiwan. Its subsidiaries include Indmet Mining Pte. Ltd., Utkal Coal Ltd. and IMFA Alloys Finlease Ltd.