IMFA

March 5 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• MINISTRY OF CORPORATE AFFAIRS APPROVAL OF AMALGAMATION SCHEME

• SCHEME FOR MERGER OF UTKAL COAL INTO CO

Source text: ID:nBSE246XFZ

Further company coverage: IMFA.NS

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Feb 25 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO ALLOYS LTD - ENTERS BINDING TERM SHEET WITH AMPIN ENERGY UTILITY

Source text: ID:nBSE3J9Rhk

Further company coverage: IMFA.NS

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Jan 29 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• DEC-QUARTER CONSOL NET PROFIT 933.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.43 BILLION RUPEES

• DIVIDEND OF 5 RUPEES PER SHARE

• APPROVED APPOINTMENT OF SAUNAK GUPTA AS CFO

Source text: [ID:]

Further company coverage: IMFA.NS

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Jan 22 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO ALLOYS LTD - SIGNING OF POWER PURCHASE AGREEMENT

• INDIAN METALS AND FERRO ALLOYS - AGREEMENT SIGNED WITH JSW GREEN ENERGY ONE, JSW GREEN ENERGY SEVEN

Source text: ID:nBSE9ZGTYy

Further company coverage: IMFA.NS

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** Indian Metals and Ferro Alloys IMFA.NS rises as much as ~4% to 962.85 rupees; last up 2.2%

** Co enters into joint venture with JSW Green Energy to source renewable energy for its operations

** IMFA will invest 832.6 mln rupees ($9.8 mln) in the project and get 70 MW of renewable power supply under 25-year power purchase agreement

** YTD, stock has nearly doubled

($1 = 84.9190 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Dec 17 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• AGREEMENT WITH JSW GREEN ENERGY ONE, JSW GREEN ENERGY SEVEN

• JSW GREEN AGREEMENT FOR SUPPLY OF 70 MW OF RENEWABLE POWER

Source text: ID:nNSE8zWbL3

Further company coverage: IMFA.NS

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** Shares of Indian metal stocks .NIFTYMET shed 0.6%, tracking weak global prices

** Data from top consumer China showed retail sales disappointed even as industrial output quickened slightly in November MET/L

** Fourteen of 15 stocks on sub-index are in red; heavyweights Hindalco HALC.NS, Tata Steel TISC.NS and JSW Steel JSTL.NS shed about 1% each

** "China's retail data was below estimates. Unless China's central bank and government announce stronger stimulus, weakness will persist," says analyst Parthiv Jhonsa of brokerage Anand Rathi.

** TISC, HALC and JSTL are also among top five pct losers on benchmark Nifty 50 .NSEI which is down 0.4%

** Nine of 15 stocks on sub-index rated "buy" or higher, three rated "hold"; SAIL and HZNC are only "sell" rated stocks on sub-index - LSEG data

** YTD, metals index gains 17% vs ~14% climb in Nifty

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Indian metal companies .NIFTYMET drop 2.2%, top sectoral loser on benchmark Nifty 50 .NSEI, which sheds 0.5%

** Metals index losses due to stronger U.S. dollar as well as a lack of policy details about top consumer China's stimulus measures MET/L

** A strong dollar makes metals more expensive for holders of other currencies, while more clarity on China stimulus was expected to boost metal producers globally

** Fourteen of 15 stocks on sub-index in red; SAIL's SAIL.NS 4.5% loss the biggest, followed by NMDC's NMDC.NS 4.3% and Tata Steel's TISC.NS 3% declines

** Hindalco HALC.NS, Vedanta VDAN.NS and Hindustan Zinc HZNC.NS shed between 1% and 2%

** A stronger dollar is a concern since it could lead to a rise in imported inflation, says VK Vijaykumar of Geojit Financial Services

** Nine of 15 stocks on sub-index rated "buy" or higher, three rated "hold"; SAIL and HZNC only "sell"-rated on sub-index - LSEG data

** Metals index gains ~17% YTD vs Nifty's ~12% climb

(Reporting by Kashish Tandon in Bengaluru)

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Nov 7 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• DIVIDEND OF 10 RUPEESPER SHARE

Source text: ID:nBSE9tYrDT

Further company coverage: IMFA.NS

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Oct 15 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO - GOVERNMENT DETERMINED VALUATION OF COMPENSATION TOWARDS MINE INFRASTRUCTURE

• INDIAN METALS, FERRO- COMPENSATION PERTAINING TO UTKAL 'C' COAL MINES AT 86.3 MILLION RUPEES

Source text for Eikon: ID:nBSE8vst46

Further company coverage: IMFA.NS

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Aug 16 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO ALLOYS - NO PENDING CLAIMS AGAINST CO REGARDING TOP COURT'S TAX ORDER

Source text for Eikon: ID:nBSE2NG2JY

Further company coverage: IMFA.NS

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Aug 9 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• UNIT UTKAL COAL RECEIVED 2.21 BILLION RUPEES

• UNIT GOT 2.21 BILLION RUPEES FOR LAND OF UTKAL 'C' COAL MINES

Further company coverage: IMFA.NS

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** Shares of Indian Metals and Ferro Alloys IMFA.NS rise 5.7% to 735.95 rupees

** Co's June-quarter profit rose 2.4% YoY

** Rival Tata Steel TISC.NS yet to report results

** IMFA up ~42% YTD vs ~17% climb in TISC

(Reporting by Varun Vyas in Bengaluru)

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June 19 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO ALLOYS - GOVERNMENT OF INDIA TO GIVE EFFECT ENTIRE FINAL COMPENSATION ORDER BY DISBURSING BALANCE 2.21 BILLION RUPEES TO UNIT

Source text for Eikon: ID:nBSE3PZZ71

Further company coverage: IMFA.NS

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March 29 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• INDIAN METALS AND FERRO ALLOYS - APPROVED WITHDRAWAL OF SCHEME OF AMALGAMATION OF UTKAL COAL WITH AND INTO INDIAN METALS & FERRO ALLOYS

• INDIAN METALS AND FERRO ALLOYS LTD - APPROVED ACQUISITION OF REMAINING SHARES OF UNIT UTKAL COAL LIMITED

• INDIAN METALS AND FERRO ALLOYS LTD - DECLARED SPECIAL DIVIDEND OF 15 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1Fqmmh

Further company coverage: IMFA.NS

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** Shares of Indian Metals & Ferro Alloys IMFA.NS up as much as 8.23% to a record 572.6 rupees

** Stock posts sharpest intraday pct gain since Sept. 25

** Ferro chrome producer said India's coal ministry determined valuation of compensation of free hold and lease hold land at 3.53 billion rupees ($42.4 million) to co's unit

** Shares trading above 50-, 100-, and 200-day simple moving averages

** IMFA's relative strength index is above 70, indicating that it has been overbought

** About 798,000 shares changed hands, 2.7x 30-day average

** Stock last up 3.2%, extending YTD gains to over 105%

($1 = 83.3125 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Indian metal producer Shyam Metalics and Energy SHYE.NS up as much as 4.19% at 490 rupees, highest level since Sept. 6

** Sale volumes in all segments rise y/y except steel billets, long steel, and ferroalloys

** Sponge iron segment surges ~188% y/y in Nov, while steel - co's biggest segment by volumes - grew 26.6%

** More than 1.5 mln shares changed hands by 2:27 p.m. IST, 2.7x 30-day avg

** Stock last up 2%, taking YTD gains to ~53%

(Reporting by Hritam Mukherjee and Bharath Rajeswaran in Bengaluru)

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** Shares of Indian Metals and Ferro Alloys IMFA.NS up as much as 4.35% at 449.9 rupees

** Ferro chrome producer's Sept-quarter profit rises more than five-fold to 891.7 mln rupees ($10.72 mln)

** Total expenses fall ~10% to 5.81 bln rupees, while rev from ops up 3% at 6.93 bln rupees

** About 700,400 shares traded as of 3:02 p.m. IST, 2.6x the 30-day average

** Shares last up 2.1%, they gained ~30% in Sept-qtr

($1 = 83.2170 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Oct 30 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• STEPDOWN UNIT OF CO LIQUIDATED WITH EFFECT FROM OCT 25 AS IT COULD NOT START ITS OPERATIONS

Source text for Eikon: ID:nNSE46mrBh

Further company coverage: IMFA.NS

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** Shares of Indian Metals and Ferro Alloys IMFA.NS up as much as 13.5% at 443.50 rupees, their highest since April 22, 2022

** Ferrochrome producer says India's coal ministry determined valuation of compensation for free hold and lease hold land at 4.17 bln rupees ($50.2 mln)

** Compensation payable to unit Utkal Coal Ltd

** IMFA on track to rise for second straight session, if gains hold

** Over 1.8 mln shares change hands as of 01:23 p.m. IST, 10.7x the 30-day moving avg

** Stock up ~65% YTD

($1 = 83.1050 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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July 26 (Reuters) - Indian Metals and Ferro Alloys Ltd IMFA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.1 BILLION RUPEES VERSUS 1.34 BILLION RUPEES YEAR AGO

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.02 BILLION RUPEES VERSUS 7.43 BILLION RUPEES YEAR AGO

Further company coverage: IMFA.NS

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Adds declining stocks of Indian metal in paragraph 1, 5 and 6; adds details

LONDON, June 12 (Reuters) - Russian aluminium's share of stocks in warehouses registered with the London Metal Exchange (LME) rose to 68% in May from 52% in April, data from the exchange showed on Monday, as traders reported increased demand for Indian metal as an alternative.

The world's oldest exchange and largest market for industrial metals has not banned Russian metals from being traded and stored in its system since Moscow invaded Ukraine, as there are no Western sanctions on Russian base metals.

Large amounts of Russian aluminium in LME warehouses is a concern for the industry because it could distort pricing on the exchange used as a benchmark for contracts between producers, consumers and traders.

Russian aluminium producer Rusal 0486.HK alone accounts for 5.4% of global supplies estimated at around 70 million tonnes this year.

In May there was a total of 263,125 tonnes of Russian aluminium in LME warehouses, data from the exchange showed, while Indian-origin aluminium amounted to 30%, or 116,800 tonnes, in May from 46.5% in April.

Traders say strong demand for aluminium produced in India was due to many consumers in the transport, packaging and construction industries looking for alternatives to metal supplies from Russia.

The LME said that Russian aluminium continues to flow through its network as of the 45,300 tonnes of primary aluminium loaded-out last month, 54% was Russian metal.

A meaningful set of global consumers continue to accept Russian metal, it added.

Of the 57,925 tonnes of primary aluminium on LME warrant in May, 67% was Russian, the LME said. A warrant is an ownership document for metal in LME-registered warehouses. Cancelling warrants indicates an intention to take delivery of metal from the warehouses unless it is rewarranted.

Of the 167,550 tonnes of primary aluminium warrants cancelled, 19% was Russian and 81% non-Russian in May, the LME said, adding that most of this cancelled stock remains in the warehouse.

The LME report also showed that as of May 31, the share of Russian copper stocks fell to 33% from 36% in April, or 29,600 tonnes, while nickel was stable at 20%, or 7,224 tonnes.

(Reporting by Polina Devitt; editing by Jason Neely and Conor Humphries)

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