IMFA

What Indian Metals & Ferro Alloys promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 3 delivered 9 missed 8 open
  • Total Ferrochrome Capacity delivered said Q3 FY25 Promised: 0.5 million tons in 3 to 4 years Q1 FY27: Promise remains achieved. Total capacity is above 0.5 million tons.
  • Kalinganagar Greenfield Project Capex went quiet said Q3 FY25 Promised: Total project cost of Rs. 650-700 crores, with specific annual outlays. Q1 FY27: The overall project cost was not addressed. A minor additional budget of INR 15-20 crores was approved for KNR-2 environmental work, but this does not clarify the total project capex.
  • FY27 Ferrochrome Production revised down said Q4 FY25 Promised: 3.1 lakh to 3.2 lakh tons Q1 FY27: Guidance toned down from 400,000 tons to 380,000 tons due to operational issues (transformer limitations, GCP work) at the acquired KNR-2 plant.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 20 tracked commitments for Indian Metals & Ferro Alloys — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens