Current Date: 22 Nov, 2024

Odisha Strengthens Its Grip: IMFA's ₹547 Crore Ferro Chrome Plant in Jajpur

Indian Metals & Ferro Alloys Limited (IMFA) is launching a Ferro Chrome Project at the Kalinga Nagar Industrial Complex in Jajpur, Odisha. This ambitious project represents a significant investment of ₹547 crores.

With a planned production capacity of 96,000 tonnes per annum (TPA), this Ferro Chrome Project is poised to be a major contributor to India's ferroalloy sector.

Ferro Chrome is a crucial ingredient in stainless steel production, making this project strategically important for India's steel manufacturing industry.

The investment underscores IMFA's commitment to expanding its production capabilities and strengthening its position in the ferroalloy market.

This project is expected to create employment opportunities in the region, contributing to economic growth and development in Odisha.

News by Rahul Yelligetti

Source : Projxnews