IMFA
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Company type | Public Ltd. Co. |
|---|---|
| NSE: IMFA, BSE: 533047 | |
| Industry | Metals, Power Generation |
| Founded | 1961 |
| Founder | Dr. Bansidhar Panda and Mrs. Ila Panda |
| Headquarters | , |
Area served | India |
Key people | Subhrakant Panda (Managing Director)[1] |
| Revenue |  ₹2,564.57 crore (US$300 million) (FY 24-25)[2] |
| ₹2,631.31 crore (US$310 million) (FY 24-25)[2] | |
Number of employees | 2101 (2025)[3] |
| Website | www |
Indian Metals & Ferro Alloys (IMFA) is an Indian integrated producer of ferrochrome, headquartered in Bhubaneswar, Odisha.[4] As of 2 March 2026, the company has an installed furnace capacity of 289 MVA, supported by 204.55 MW of captive power facilities.[needs update][5][6]
Ferrochrome is primarily used in the production of stainless steel.[7] IMFA exports its Ferrochrome to South Korea, China, Japan and Taiwan.[8]
Indian Metals & Ferro Alloys Limited is a listed company in the National Stock Exchange and Bombay Stock Exchange.[9]
Indian Metals & Ferro Alloys (IMFA) was established in 1961 by Bansidhar Panda and Ila Panda. Bansidhar Panda completed advanced degrees from Michigan Technological University and Harvard University, before returning to Odisha to establish a ferroalloy plant at Therubali. His wife, Ila Panda, an alumna of Visva-Bharati University, supported the venture as was a patron of art and literature.[10]
In 1967, IMFA commenced the manufacture of ferrosilicon in Odisha. The company later became the first firm in the Indian subcontinent to manufacture silicon metal using proprietary technology.[11]