Cuttack, Dec. 20 -- Indian Metals and Ferro Alloys (IMFA) is set to become India's largest and the world's sixth-largest ferro chrome producer following its acquisition of Tata Steel's Kalinganagar ferro chrome plant, which is expected to be completed by January 2026, Subhrakant Panda, Managing Director of Indian Metals and Ferro Alloys (IMFA) told ANI.

Panda said the strategic acquisition, funded entirely through internal accruals, will take IMFA's total capacity beyond 500,000 tonnes per annum, significantly enhancing its competitive positioning in the global ferrochrome market.

"We signed the definitive agreement for the strategic acquisition in November 2025. We are in the process of seeking necessary permissions and approvals as we...