DMD Advocates Advised IMFA On Acquisition Of Tata Steel’s Ferro Chrome Plant At Kalinganagar

DMD Advocates Advised IMFA on Acquisition of Tata Steel’s Ferro Chrome Plant at Kalinganagar

The leading law firm in India, DMD Advocates, advised Indian Metals & Ferro Alloys Limited (IMFA), India’s leading fully integrated producer of value-added ferro chrome, on its acquisition of Tata Steel Limited’s ferro chrome plant situated on 115 acres of land at Kalinganagar, Odisha, through an asset purchase transaction.

Under the definitive agreements, IMFA will acquire 99 MVA furnace capacity (66 MVA existing and 33 MVA under construction) for a base purchase consideration of ₹610 crore. DMD Advocates assisted with legal due diligence, as well as drafting, negotiating, and finalizing the transaction documents.

The DMD Advocates transaction team was led by Rashi Dhir (Senior Partner & Head of Corporate), along with Tarinee Sudan (Partner), Shubhangi Bhatnagar (Principal Associate), Aditi Kumari (Associate),Srishti Pandey (Associate), Jasmine Brar (Associate), Sarvagya Shankar (Associate), and Shriya Sehgal (Associate).

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