Friday, April 28, 2006
IMFA`s ferro-chrome line goes on stream
IMFA Group, India's largest producer of ferro alloys, today inaugurated its first phase expansion project, comprising a 27MVA ferro chrome furnace.
The new furnace would take the company's installed capacity to 157MVA.
The furnace was put up by its group company, Utkal Manufacturing & Services Ltd (UMSL), at the industrial complex in Choudwar in Orissa.
It was capable of producing 35,000 tonne per annum of ferro chrome.
The furnace was inaugurated today by Biswabhushan Harichandan, Orissa's minister for industry, and Prafulla Chandra Ghadei, the state's minister for finance, in the presence of Bhartruhari Mahtab, the Lok Sabha member from Cuttack and Bansidhar Panda, founder-chairman of the IMFA Group and Subhrakant Panda, managing director of the IMFA Group.
IMFA had taken up the second and third phases of the expansion programme announced last year, which would see two more ferro chrome furnaces of 27MVA and 48MVA capacity, and a 120Mw power plant at Choudwar.
Paramita Mahapatra, managing director of UMSL, said the project showcased the IMFA Group's strengths with regard to in-house design, technology and project management capabilities.
The IMFA team completed the project in a record time of 11 months at a cost of Rs 50 crore.
The furnace had state of the art control systems and pollution control measures.
IMFA was the only producer in India to produce in excess of 100,000 tonne ferro chrome per annum and was also the leading exporter of the product. It earned foreign exchange in excess of $50 million in 2005-06.
Subhrakant Panda said the project aimed to capitalise on sustained growth in stainless steel production, which was driving up demand for ferro chrome and also maintain IMFA's leadership in the industry.
The IMFA Group comprised Indian Metals & Ferro Alloys Ltd (IMFA) and Indian Charge Chrome Ltd (ICCI). It was India's largest producer of ferro alloys with 130MVA installed furnace capacity backed up by a 108MW captive power plant and own chrome ore mines at Nuasahi and Sukinda.
The new furnace would take the company's installed capacity to 157MVA.
The furnace was put up by its group company, Utkal Manufacturing & Services Ltd (UMSL), at the industrial complex in Choudwar in Orissa.
It was capable of producing 35,000 tonne per annum of ferro chrome.
The furnace was inaugurated today by Biswabhushan Harichandan, Orissa's minister for industry, and Prafulla Chandra Ghadei, the state's minister for finance, in the presence of Bhartruhari Mahtab, the Lok Sabha member from Cuttack and Bansidhar Panda, founder-chairman of the IMFA Group and Subhrakant Panda, managing director of the IMFA Group.
IMFA had taken up the second and third phases of the expansion programme announced last year, which would see two more ferro chrome furnaces of 27MVA and 48MVA capacity, and a 120Mw power plant at Choudwar.
Paramita Mahapatra, managing director of UMSL, said the project showcased the IMFA Group's strengths with regard to in-house design, technology and project management capabilities.
The IMFA team completed the project in a record time of 11 months at a cost of Rs 50 crore.
The furnace had state of the art control systems and pollution control measures.
IMFA was the only producer in India to produce in excess of 100,000 tonne ferro chrome per annum and was also the leading exporter of the product. It earned foreign exchange in excess of $50 million in 2005-06.
Subhrakant Panda said the project aimed to capitalise on sustained growth in stainless steel production, which was driving up demand for ferro chrome and also maintain IMFA's leadership in the industry.
The IMFA Group comprised Indian Metals & Ferro Alloys Ltd (IMFA) and Indian Charge Chrome Ltd (ICCI). It was India's largest producer of ferro alloys with 130MVA installed furnace capacity backed up by a 108MW captive power plant and own chrome ore mines at Nuasahi and Sukinda.
# posted by Souri : 11:44 PM
