IMFA records 3I per cent rise in ferro chrome production

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Bhubaneswar, Apr 9 (UNI) Indian Metals and Ferro Alloys Ltd India's largest producer of ferro alloys has recorded a 31 per cent increase in ferro chrome output during 2007-08.

The company produced 169,947 tonnes of ferrochrome during 2007-08 against 129,848 tonnes in the previous year which an all time record.

This was the outcome of a concerted strategy to increase ferro chrome output as a result of which ferro silicon production declined to 16,104 tons against 30,624 tonnes in the previous year.

Meanwhile, chrome-ore output mined entirely for captive use increased by nearly 30 per cent to 418,524 tons. The production was 323,183 tonnes in the previous year.

IMFA, which has won several national export awards for its outstanding performance, also exported a record 116,357 tons of value added ferro chrome during 2008 which was an increase of 27 per cent over the previous year's 91,554 tonnes.

IMFA Managing Director Subhrakant Panda said the record output coincided with a bullish outlook for the alloy on the back of strong demand from the stainless steel industry.

UNI BD LL 1401

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