IMFA is Ferro chrome business which has completely different demand supply dynamics than Maithan alloys which is in Silico manganese ferro alloys. Currently, ferro chrome alloy prices are at a good level since last 2 quarters and sustaining now also… whereas silico manganese alloy prices have been soft for quite a while now.
Nava’s main business is power generation with them also recieving their long term receivables from Zambia govenment (Stock specific trigger)
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