Impex Ferro Tech Share Price

Impex Ferro Tech Limited, a part of Impex Group of Companies was incorporated in 1995. The Company was established with the objective of manufacturing Silico Manganese and Ferro Manganese. It manufactures manganese based alloys i.e. Ferro Manganese and Silica Manganese. The Company is operating the Ferro Alloy Plant comprising of 5 submerged Arc furnaces of 3.6 MVA, 5 MVA, 7.5 MVA, 8.25 MVA and 7.5 MVA at Burdwan in West Bengal. During the year 199798, the company set up two numbers submerged Arc Furnaces of 3.6 5.0 MVA rating plant for manufacturing Silico Manganese and Ferro Manganese at Burdwan in West Bengal. In yar 2002, it set up the third furnace with a rating of 7.5 MVA and commenced commercial production. In 2005, the company set up their fourth furnace submerged arc furnace of 8.25 MVA capacity for manufacturing HC Silico Manganese and converting a part of the HC Ferro Manganese output into MC Ferro Manganese through the SSM Converter route.During year 200809, it commissioned the fifth Submerged Electric Arc Furnace (EAF) of 7.5 MVA capacity for manufacturing HC Ferro Manganese. The use of ferro alloys in the making of various types of carbon and alloy steels are essentially to impart certain physical and chemical properties in a particular grade of steel e.g. change in tensile strength, ductility, hardness, corrosion, resistance, wear resistance or abrasion resistance properties. Ferro Alloys are also commonly used for deoxidation, desulphurisation and refining of steel. The use of Ferro Manganese and Silico Manganese in the production of carbon steel is primarily because of refining and deoxidation of steel.The Company has been under Corporate Insolvency Resolution Process (CIPR) vide order dated 2nd May 2024 passed by the Honble National Company Law Tribunal, Kolkata Bench, pursuant to an application filed by Auroma Coke Limited. Through the said order dated 2nd May 2024 of the NCLT, Mr. Rajiv Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.