IMFA Plans Production Shift to Save ₹100 Crore, Targets 400,000 Tonnes Output in FY27
Indian Metals & Ferro Alloys Ltd. (IMFA) has announced plans to shift part of its production operations in a strategic move aimed at reducing costs by nearly ₹100 crore, while targeting an output of 400,000 tonnes of ferro chrome during the current fiscal year (FY27).
The company said the production realignment is part of its broader strategy to enhance operational efficiency, optimize logistics, and strengthen profitability amid fluctuating global commodity prices and rising input costs. By relocating production to a more cost-efficient facility, IMFA expects to significantly lower operating expenses and improve overall margins.
The planned transition is expected to streamline manufacturing processes and better integrate the company’s mining and smelting operations. IMFA believes the initiative will improve resource utilization and support its long-term growth strategy without compromising production capacity.
The company remains optimistic about achieving its production target of 400,000 tonnes during the current financial year, supported by stable chrome ore availability, improved plant performance, and sustained demand from domestic and international steel manufacturers.
Ferro chrome is a key raw material used in the production of stainless steel, and demand for the alloy is closely linked to infrastructure development, construction, automotive manufacturing, and industrial activity. While global market conditions remain volatile due to geopolitical uncertainties and changing trade dynamics, IMFA expects demand to remain resilient over the medium term.
The company also continues to focus on sustainability, operational excellence, and technological improvements to maintain its competitiveness in the global ferro alloys market. Investments in efficiency enhancement and prudent cost management are expected to strengthen IMFA’s financial performance while supporting long-term value creation.
Industry analysts believe the proposed cost-saving initiative could improve the company’s profitability and reinforce its position as one of India’s leading integrated ferro chrome producers. As global steel demand gradually recovers, IMFA’s focus on operational optimization and production growth is expected to position the company for stronger performance in the coming years.