Intel Details

IMFA expects ferro chrome prices to reach nearly INR 1.25 lakh/t in Q1FY23

Ferro Chrome
26 May 2022, 19:18 IST
Steel Mint Intel

Ferro chrome prices may reach nearly INR 1.25 lakh/tonne during Q1FY23, as per Indian Metals and Ferro Alloys Limited (IMFA). The company's ferro chrome production for FY22 stood at 246,175 t compared to 259,942 t in FY21. Total income was INR 2,619.55 crore last fiscal compared to INR 1,894.01 crore in FY21. IMFA plans to expand ferro chrome production capacity by another 100,000 t by FY26 and set a goal to become debt-free in the near future. For this, it is investing INR 550 crores on two new projects in Kalinganagar.

26 May 2022, 19:18 IST
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