$IMFA

IMFA: GREENFIELD FERRO CHROME EXPANSION PROJECT RECEIVES KEY APPROVALS 🏭⚙️ • ✅ Indian Metals & Ferro Alloys (IMFA) has received the Consent to Operate (CTO) and Factory License for its greenfield ferro chrome expansion project (KNR-1) at Kalinganagar. • 🔥 The company will initiate the process of switching on the first furnace next week, marking the transition from project completion to commissioning. • 🏗️ IMFA expects the first tapping of hot metal between August 15 and August 20, 2026, and will provide a further update in due course. 🟢 Impact: Positive (Receipt of statutory approvals and commencement of commissioning are key milestones that bring the Kalinganagar expansion project closer to commercial production and future capacity growth.)