Indian Metals & Ferro Alloys on Tuesday introduced acquisition of a ferro alloys plant of Tata Metal located in Odisha. The corporate additionally declared its Q2 outcomes at this time and introduced an interim dividend for FY26.
The board of administrators of Indian Metals & Ferro Alloys on November 4 authorized getting into into an Asset Switch Settlement (ATA) with Tata Metal Restricted (TSL) for the acquisition of the property and different acquired pursuits of the Ferro Alloys Plant.
The price of acquisition is ₹610 crore, plus relevant GST, and the worth of Web Working Capital (NWC) taken over on the deadline.
“The acquisition is in keeping with the corporate’s technique to drive the subsequent part of progress in its Ferro Alloys Enterprise by increasing capability. The locational benefit and value synergies because of proximity to the corporate’s captive mines and upcoming greenfield venture in Kalinganagar will increase the corporate’s capability to cater to new alternatives with a concentrate on the home market,” Indian Metals & Ferro Alloys stated in a regulatory submitting on Tuesday.
The transaction is anticipated to be accomplished in three to 6 months, topic to receipt of statutory approvals and fulfilment of the circumstances laid down within the ATA, the corporate added.
Indian Metals & Ferro Alloys Q2 Outcomes
Indian Metals & Ferro Alloys reported a standalone web revenue of ₹98.77 crore within the second quarter of FY26, recording a decline of 21.4% from ₹125.72 crore within the year-ago interval.
The corporate’s standalone income from operations in Q2FY26 elevated 3.86% to ₹718.65 crore from ₹691.92 crore, year-on-year (YoY).
Ferro alloys section income elevated 4% YoY to ₹718.07 crore, whereas the section EBIT declined practically 15% YoY to ₹146.55 crore. Energy section income rose to ₹156.63 crore, with its EBIT loss at ₹1.27 crore. The corporate’s Mining section’s income grew to ₹106.37 crore, with an EBIT lack of ₹1.10 crore.
Indian Metals Dividend
The board of administrators of Indian Metals & Ferro Alloys additionally declared an interim dividend of ₹5 per fairness share of ₹10 every for the monetary 12 months ending thirty first March 2026.
Indian Metals dividend document date for reckoning the record of shareholders who shall be entitled to obtain the stated interim dividend is 11 November 2025, Tuesday. Moreover, Indian Metals dividend fee date is December 3, 2025.
“The Interim Dividend can be paid to such shareholders on or earlier than Wednesday, third December 2025,” the corporate stated.
At 2:45 PM, Indian Metals & Ferro Alloys share worth traded 2.56% greater at ₹1,239.40 apiece on the BSE.
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