New Delhi [India], November 4 (ANI): Indian Metals & Ferro Alloys Ltd (IMFA), the country's leading fully integrated ferro alloys producer, has signed definitive agreements to acquire Tata Steel Limited's ferro chrome plant in Kalinganagar , Odisha. The acquisition, valued at Rs 610 crore, will add 99 MVA furnace capacity, comprising 66 MVA operational and 33 MVA under construction, taking IMFA's total installed capacity to over 0.5 million tonnes per annum.

As per an IMFA release, the Kalinganagar facility, spread across 115 acres, has four furnaces capable of producing 100,000 tonnes annually, which will increase to 150,000 tonnes once the fifth furnace is commissioned. The plant's close proximity to IMFA's captive chrome ore mines and its upcoming greenfield project is expected to

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