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Record performance in FY22 sets stage for expansion plans

Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading producer of ferro alloys, announced its audited financial results today for the quarter & year ending March 31st, 2022 which surpassed several previous records. Commenting on the results, Mr Subhrakant Panda, Managing Director said: “The robust performance of FY22 is a result of steady operations and exceptional realisations for ferro chrome which has enabled us to prepay all long term debt. While there are headwinds on account of lockdowns in China and the continuing conflict in Ukraine, we remain confident about healthy margins in the ongoing fiscal
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