Indian Metals & Ferro Alloys Ltd (IMFA) would invest another Rs 900 crore over the next five to six years to improve output at its Mahagiri and Sukinda mines in Odisha in order to meet increased demand.
“For our mining capex, we plan to do underground (in mining) in coming years in a phased manner. We will be looking to reach 850,000 tonne in FY26 then to 950,000 tonne and finally 1.2 million tonne by FY27,” Prem Khandelwal, chief financial officer said.
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