KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Feb 11, 2025 >>  ABB India 5431.2  [ -2.62% ]  ACC 1934.95  [ -1.38% ]  Ambuja Cements 499.7  [ -1.35% ]  Asian Paints Ltd. 2239.9  [ -1.32% ]  Axis Bank Ltd. 1007.85  [ -0.37% ]  Bajaj Auto 8760.8  [ -1.32% ]  Bank of Baroda 210.75  [ -2.07% ]  Bharti Airtel 1696  [ 0.19% ]  Bharat Heavy Ele 199.45  [ -1.70% ]  Bharat Petroleum 255.3  [ -1.75% ]  Britannia Ind. 4904.05  [ -0.11% ]  Cipla 1452.7  [ -0.39% ]  Coal India 359.15  [ -3.05% ]  Colgate Palm. 2550.95  [ -1.10% ]  Dabur India 517.55  [ -2.04% ]  DLF Ltd. 708.75  [ -3.06% ]  Dr. Reddy's Labs 1211.8  [ -0.74% ]  GAIL (India) 161.6  [ -3.87% ]  Grasim Inds. 2492.35  [ 0.87% ]  HCL Technologies 1722.4  [ -0.61% ]  HDFC Bank 1699.9  [ -0.90% ]  Hero MotoCorp 4082.15  [ -2.73% ]  Hindustan Unilever L 2314.4  [ -2.08% ]  Hindalco Indus. 595.65  [ -0.08% ]  ICICI Bank 1253.4  [ -0.75% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 747.45  [ -3.78% ]  IndusInd Bank 1054.1  [ -1.31% ]  Infosys L 1876.8  [ -0.13% ]  ITC Ltd. 418.45  [ -2.07% ]  Jindal St & Pwr 833.3  [ -0.84% ]  Kotak Mahindra Bank 1917.35  [ -2.15% ]  L&T 3240.25  [ -2.65% ]  Lupin Ltd. 2066.4  [ -4.77% ]  Mahi. & Mahi 3084.6  [ -1.68% ]  Maruti Suzuki India 12717.8  [ -1.41% ]  MTNL 49.99  [ -7.53% ]  Nestle India 2194.65  [ -1.18% ]  NIIT Ltd. 128.2  [ -6.01% ]  NMDC Ltd. 61.54  [ -3.89% ]  NTPC 305.7  [ -1.48% ]  ONGC 238.95  [ -1.48% ]  Punj. NationlBak 95.25  [ -3.05% ]  Power Grid Corpo 261.5  [ -2.68% ]  Reliance Inds. 1234.6  [ -1.50% ]  SBI 731  [ -0.79% ]  Vedanta 421.3  [ -3.35% ]  Shipping Corpn. 167.75  [ -6.62% ]  Sun Pharma. 1699.75  [ -1.89% ]  Tata Chemicals 883.55  [ -2.79% ]  Tata Consumer Produc 1013.6  [ -1.24% ]  Tata Motors 677.7  [ -2.60% ]  Tata Steel 130.1  [ -2.91% ]  Tata Power Co. 349.05  [ -2.55% ]  Tata Consultancy 3964.4  [ -1.76% ]  Tech Mahindra 1670.1  [ -1.68% ]  UltraTech Cement 11300.7  [ -2.01% ]  United Spirits 1389.6  [ -2.06% ]  Wipro 312.9  [ -1.88% ]  Zee Entertainment En 100.25  [ -4.57% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

INDIAN METALS & FERRO ALLOYS LTD.

11 February 2025 | 12:00

Industry >> Ferro Alloys

Select Another Company

ISIN No INE919H01018 BSE Code / NSE Code 533047 / IMFA Book Value (Rs.) 431.83 Face Value 10.00
Bookclosure 05/02/2025 52Week High 999 EPS 73.12 P/E 9.02
Market Cap. 3558.27 Cr. 52Week Low 523 P/BV / Div Yield (%) 1.53 / 4.55 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1961 - The Company was incorporated on 20th November, in Orissa. The Company's objects is to manufacture ferro silicon.

- The company entered into a technical consultation agreement with Electrokemisk A/S, Oslo, Norway for the supply of necessary equipment, drawings and technical know-how.

1966 - 3,88,300 No. of equity shares reserved for allotment (including 1,65,000 No. of equity shares for the Industrial Development Corpn. of Orissa Ltd.) and the balance offered to the public in December 1963.

1969 - Arrears: Rs.4,625.

1974 - Indian Metals & Carbide Ltd., a company established for the manufacture of silicon carbide, became a subsidiary of the company with effect from 16th October.

1978 - Kalinga Tubes Ltd., became a subsidiary of the company with effect from 1st July.

1979 - Kalinga Tubes Ltd., was amalgamated with the company with effect from 1st January.

1982 - 19,729 No. of equity shares allotted without payment in cash to members of Kalinga Tubes Ltd. on its merger with the company.

1983 - The licence for manufacture of 3,000 tonnes per annum of silicon metal was re-endorsed, increasing the same to 4,900 tonnes per annum.

1985 - Permission from Govt. was received for the manufacture of ferro chrome, based on the process developed by the R & D unit of the company.

1990 - Prices in the International market were unremunerative which lead to the closure of 100% EOU.

1992 - As at 31st March, the company held 1,90,000 No. of equity shares of Rs.10 each out of 2,49,998 shares issued by the subsidiary.

1994 - 34,30,374 bonus equity shares allotted in prop. 6:1.

1995 - 20,01,152 bonus equity shares issued in prop. 1:2.

1996 - Operations of the company were adversely affected due to depressed market condition specially that of charge chrome, the market prices for which showed a steep decline. Production also remained unsatisfactory due to labour unrest followed by a strike for about 4 months.

- 60,03,255 bonus equity shares issued in prop. 1:1.

1997 - The labour problems in the company's mines were sorted out. Production of chrome improved marginally to 22787 tonnes compared to 22205 tonnes in the previous year.

- During the year under report, the Company issued bonus equity shares aggregating to Rs. 600.33 lacs to the existing shareholders in the ratio of one equity share for every one share held in tens of the resolution passed by the shareholders on 21st January.

- During the year under report the operations of the Company were adversely affected due to depressed market conditions both domestically as well as internationally specially that of charge chrome, the market prices for which showed a steep decline.

- The Company has received a certificate to the effect that their re-appointment, if made, shall be within the limits prescribed u/s. 224(1B) of the Companies Act, 1956.

- In the larger interest of the society it has installed a Gas Cleaning Plant which shall reduce the stack emissions to a negligible level.

- The company has also laid utmost importance on "on job training" and had opened avenues for exposure to state-of-art technology prevailing elsewhere in the world pertaining to ferro alloys operation for its manpower at different levels.

1998 - The Company has given corporate guarantees to financial institutions and a consortium of banks in respect of the loans sanctioned by them to Indian Charge Chbrome Limited.

- 1,14,34,781 number of shares were issued as fully paid bonus shares by capitalisation of General Reserves.

- The Company has received a certificate to the effect that their re-appointment, if made, shall be within the limits prescribed u/s. 224 (1B) of the Companies Act, 1956.

1999 - The production activities at the Company's plants remained disrupted due to restricted power supply by ICCL caused due to heavy grid fluctuation because of which ICCL could not export power to the grid. Consequently the production levels in terms of volume declined substantially during the year as compared to the previous year.

- The company has implemented hi-tech computerised equipments in process control areas to ensure that the end products are of international standards.

- Indian Metals & Carbide Ltd., subsidiary of the Company earned a profit of Rs. 0.22 lakhs (after tax) during the year 1998-99. They have not proposed any dividend in view of low internal generations.

- The Company mobilised public deposits without extending invitation to the public and after filing a statement in lieu of advertisement.

- During the year under report industrial relations have been cordial both at the Company's plants and mines.

- The Company has initiated steps to recognise the SSI units with which it has dealings.

2005

-Dlist from Bhubaneswar Stock Exchange with effect from January 17, 2005.

2011 -Ferro Alloys Ltd has now informed BSE that the Company has acquired a 70% stake in an Indonesian coal mine

2012 -Indian Metals & Ferro Alloys Ltd has recommended a dividend of Rs. 5/-.

2013 -C R Ray as Whole-time Director of the Company.

2014 -Indian Metals & Ferro Alloys Ltd has recommended a dividend of Rs. 3/- (excluding dividend tax) per equity share.

2021 -Indian Metals & Ferro Alloys has recommended the issue of Bonus Shares in the ratio of 1:1.

2022 -The Company has issued Bonus Shares in the Ratio of 1:1.