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India's IMFA completes acquisition of Tata Steel Limited's ferroch-Die Casting Exhibition-Foundry Exhibition-The 26th China(Guangzhou) International Die casting Foundry & Industrial Furnace Exhibition
3/5/2026 压铸展-铸造展- Die-casting expo-foundry expo |
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Indian Metals and Ferro Alloys Limited (IMFA), India''s largest integrated producer of ferroalloys, has completedthe acquisition of Tata Steel Limited''s ferrochrome plant in the eastern Indian state of Odisha, a companystatement said on Monday, March 2.
The plan to acquire Tata Steel Limited''s plant was first announced in November 2025 and has been completedat a transactional value of $77.61 million, the company said.
The acquisition willadd 99 MVA (mega volt amperes) furnace capacity (66 MVA existing and 33 MVA underconstruction), making IMFA the country''s largest producer and sixth largest globally with a total capacity inexcess of 0.5 million mt, the company said.
Spread across 115 acres in Kalinganagar in Odisha, the facility consists of four furnaces capable of producing100,000 mt per year, which will further increase to 150,000 mt per year once the fifth furnace is commissioned.the company said.
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