Archive · 31 Jul 2025
IMFA Announces ₹2,000 Crore Expansion Across Multiple Sectors
IMFA, a company that makes materials for steel, is spending a lot of money to grow.
They are building new factories, increasing how much they mine, and starting to make ethanol (a type of fuel).
They will build new furnaces and upgrade their mines.
The company is investing over ₹2,000 crore overall.
IMFA made good money in the first part of the year due to rising prices and their efforts to be efficient.
IMFA is investing ₹2,000 crore in ferrochrome, mining, and ethanol production.
A ₹900 crore greenfield expansion at Kalinganagar includes two new furnaces, set for completion by June 2026.
IMFA will invest over ₹1,000 crore to increase mining capacity to 9 lakh tonnes by the end of 2026.
The company is entering ethanol production with a ₹160 crore plant in Therubali, Odisha, operational in Q1 2026.
In Q1 FY26, IMFA's revenue was ₹641.54 crore, with a PAT of ₹92 crore, boosted by rising ferrochrome prices.
- Who
- Indian Metals & Ferro Alloys Ltd (IMFA)
- What
- IMFA is undertaking a ₹2,000 crore expansion plan.
- When
- Expansion projects are slated for completion by 2026.
- Where
- Odisha (Kalinganagar and Therubali)
- Why
- To expand capacity in ferrochrome, mining, and to diversify into ethanol production.
Company's Vision
Market Challenges
Focus of Expansion
Company's Vision
Strategic Expansion
Market Challenges
Market Volatility
- Company
- IMFA
- Total Investment
- ₹2,000 crore
- Kalinganagar Capex
- ₹900 crore
- Mining Investment
- ₹1,000 crore+
- Ethanol Plant Investment
- ₹160 crore
- Ethanol Plant Capacity
- 120 KLD
- Q1 FY26 Revenue
- ₹641.54 crore
- Q1 FY26 PAT
- ₹92 crore
