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India's lMFA to acquire Tata Steel Limited's ferroalloy pla-Heat Treatment Exhibition-Industrial Furnace Exhibition-The 26th China(Guangzhou)International Heat Treatment, Industrial Furnace Exhibition
11/6/2025 热处理展-工业炉展-heat treatment expo-furnace expo |
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Indian Metals and Ferro Alloys Limited (lMFA) has signed a definitive agreement to acquire Tata Steel Limited''sferrochrome plant at Kalinganagar in the eastern state of Odisha for a consideration of $68.77 milion, a
company statement said on Wednesday, November 5.The deal will add 99 MVA (mega volt amperes) furnace capacity (66 MVA existing and 33 MVA underconstruction), making llMFA the country''s largest ferrochrome producer and the sixth-largest globally with totalcapacity in excess of 500,000 mt, the company said.
Subject to the satisfaction of agreed conditions and requisite approvals, the transaction is expected to closewithin three months.
Spread across 115 acres in Kalinganagar, the facility being acquired consists of four furnaces capable ofproducing 100,000 mt per year, which will further increase to 150,000 mt per year once the fifth furnace iscommissioned, the company said.
The acquired facility is close to the company''s captive chrome ore mines, and the upcoming greenfieldexpansion will lead to significant costs savings and operational synergies, it added.
热处理展-工业炉展-2026第二十六届广州国际热处理、工业炉展览会-巨浪展览-Heat Treatment Exhibition-Industrial Furnace Exhibition-The 26th China(Guangzhou)International Heat Treatment, Industrial Furnace Exhibition
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