Maithan Alloys Ltd

NCLAT approves the sale of lmpex Metal & Ferro Alloys (IMFAL) to Maithan at 74.22 cr. This should increase their capacity by 49’000 TPA of silico manganese (or 70’355 TPA of ferro manganese). For context, Maithan’s current capacity is 226’000 TPA, so this add 20%+ to their existing capacities.

IMFAL’s manufacturing unit is located in Bobbili, Vizianagram (Andhra Pradesh) and is 126 km from Vizag port. Manufacturing has been shut for >2 years.

Disclosure: Invested (position size here)

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