Indian Metals & Ferro Alloys Acquires Tata Steel Plant
Analysis based on 7 articles · First reported Feb 27, 2026 · Last updated Feb 28, 2026
The acquisition by Indian Metals & Ferro Alloys is expected to positively impact the ferro chrome market by increasing production capacity and strengthening market leadership. This move also reflects a broader trend of Indian producers scaling up to meet growing domestic and global demand.
Indian Metals & Ferro Alloys (IMFA) has completed the strategic acquisition of a ferro-chrome plant from Tata Steel Limited in Kalinganagar, India===Odisha, for Rs 707.26 crore. The transaction, funded entirely through IMFA's internal accruals, includes a base consideration of Rs 610 crore along with GST and net working capital adjustments. The acquired facility, spanning 115 acres, houses four furnaces with a combined production capacity of 100,000 tonnes per annum (tpa), which is expected to increase to 150,000 tpa upon commissioning of a fifth partially completed furnace within a year. This acquisition significantly strengthens IMFA's production footprint, positioning it as India's largest producer of ferro chrome and among the foremost globally. The divestment aligns with Tata Steel's portfolio rationalisation strategy. Subhrakant Panda, Managing Director of IMFA, highlighted the deal as a transformative step for the company's growth and commitment to operational synergies.
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