Epic Update : Indian Metals & Ferro Alloys

Indian Metals & Ferro Alloys has formalised its 76:24 joint venture with Posco -  Korean steel group, operationally as well as for accounting purpose. Posco acquired the minority stake in the joint venture meant for manufacturing ferro alloy chrome by paying Rs 27 crore. The manufacturing asset for the project was curved out of the company’s existing Odisha units.

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