Indian Metals & Ferro Alloys (IMFA) has recently made headlines with a significant strategic move: the acquisition of a ferro alloys plant from Tata Steel in Odisha. This major business expansion comes alongside an announcement that will cheer shareholders – an interim dividend of ₹5 per equity share for the financial year 2026. This dual development signals IMFA’s aggressive growth plans and its continued commitment to delivering shareholder value.
The Asset Transfer Agreement (ATA) between IMFA and Tata Steel Limited (TSL) outlines the acquisition of the Ferro Alloys Plant in Odisha for ₹610 crore, plus applicable GST and Net Working Capital. This move is a cornerstone of IMFA's strategy to bolster its Ferro Alloys Business, aiming for expanded capacity and enhanced market reach. The company highlighted that the plant's strategic location, close to IMFA's captive mines and an upcoming greenfield project in Kalinganagar, promises significant cost synergies. This integration is expected to strengthen IMFA's ability to capitalize on new opportunities, particularly within the domestic market. The transaction is projected to conclude within three to six months, pending necessary statutory approvals.
In parallel with the acquisition news, IMFA's board also approved an interim dividend of ₹5 per equity share (of ₹10 each) for the financial year ending March 31, 2026. The record date for this dividend has been set for November 11, 2025, with the payment expected by December 3, 2025. This move reflects the company's commitment to returning value to its shareholders. Alongside these developments, IMFA reported its Q2 FY26 standalone net profit at ₹98.77 crore, a decrease of 21.4% year-on-year, despite a 3.86% increase in standalone revenue from operations, reaching ₹718.65 crore.
