YEAR EVENTS 1961 - The Company was incorporated on 20th November, in Orissa. The Company's objects is to manufacture ferro silicon. - The company entered into a technical consultation agreement with Electrokemisk A/S, Oslo, Norway for the supply of necessary equipment, drawings and technical know-how. 1966 - 3,88,300 No. of equity shares reserved for allotment (including 1,65,000 No. of equity shares for the Industrial Development Corpn. of Orissa Ltd.) and the balance offered to the public in December 1963. 1969 - Arrears: Rs.4,625. 1974 - Indian Metals & Carbide Ltd., a company established for the manufacture of silicon carbide, became a subsidiary of the company with effect from 16th October. 1978 - Kalinga Tubes Ltd., became a subsidiary of the company with effect from 1st July. 1979 - Kalinga Tubes Ltd., was amalgamated with the company with effect from 1st January. 1982 - 19,729 No. of equity shares allotted without payment in cash to members of Kalinga Tubes Ltd. on its merger with the company. 1983 - The licence for manufacture of 3,000 tonnes per annum of silicon metal was re-endorsed, increasing the same to 4,900 tonnes per annum. 1985 - Permission from Govt. was received for the manufacture of ferro chrome, based on the process developed by the R & D unit of the company. 1990 - Prices in the International market were unremunerative which lead to the closure of 100% EOU. 1992 - As at 31st March, the company held 1,90,000 No. of equity shares of Rs.10 each out of 2,49,998 shares issued by the subsidiary. 1994 - 34,30,374 bonus equity shares allotted in prop. 6:1. 1995 - 20,01,152 bonus equity shares issued in prop. 1:2. 1996 - Operations of the company were adversely affected due to depressed market condition specially that of charge chrome, the market prices for which showed a steep decline. Production also remained unsatisfactory due to labour unrest followed by a strike for about 4 months. - 60,03,255 bonus equity shares issued in prop. 1:1. 1997 - The labour problems in the company's mines were sorted out. Production of chrome improved marginally to 22787 tonnes compared to 22205 tonnes in the previous year. - During the year under report, the Company issued bonus equity shares aggregating to Rs. 600.33 lacs to the existing shareholders in the ratio of one equity share for every one share held in tens of the resolution passed by the shareholders on 21st January. - During the year under report the operations of the Company were adversely affected due to depressed market conditions both domestically as well as internationally specially that of charge chrome, the market prices for which showed a steep decline. - The Company has received a certificate to the effect that their re-appointment, if made, shall be within the limits prescribed u/s. 224(1B) of the Companies Act, 1956. - In the larger interest of the society it has installed a Gas Cleaning Plant which shall reduce the stack emissions to a negligible level. - The company has also laid utmost importance on "on job training" and had opened avenues for exposure to state-of-art technology prevailing elsewhere in the world pertaining to ferro alloys operation for its manpower at different levels. 1998 - The Company has given corporate guarantees to financial institutions and a consortium of banks in respect of the loans sanctioned by them to Indian Charge Chbrome Limited. - 1,14,34,781 number of shares were issued as fully paid bonus shares by capitalisation of General Reserves. - The Company has received a certificate to the effect that their re-appointment, if made, shall be within the limits prescribed u/s. 224 (1B) of the Companies Act, 1956. 1999 - The production activities at the Company's plants remained disrupted due to restricted power supply by ICCL caused due to heavy grid fluctuation because of which ICCL could not export power to the grid. Consequently the production levels in terms of volume declined substantially during the year as compared to the previous year. - The company has implemented hi-tech computerised equipments in process control areas to ensure that the end products are of international standards. - Indian Metals & Carbide Ltd., subsidiary of the Company earned a profit of Rs. 0.22 lakhs (after tax) during the year 1998-99. They have not proposed any dividend in view of low internal generations. - The Company mobilised public deposits without extending invitation to the public and after filing a statement in lieu of advertisement. - During the year under report industrial relations have been cordial both at the Company's plants and mines. - The Company has initiated steps to recognise the SSI units with which it has dealings. 2005 -Dlist from Bhubaneswar Stock Exchange with effect from January 17, 2005. 2011 -Ferro Alloys Ltd has now informed BSE that the Company has acquired a 70% stake in an Indonesian coal mine 2012 -Indian Metals & Ferro Alloys Ltd has recommended a dividend of Rs. 5/-. 2013 -C R Ray as Whole-time Director of the Company. 2014 -Indian Metals & Ferro Alloys Ltd has recommended a dividend of Rs. 3/- (excluding dividend tax) per equity share. 2021 -Indian Metals & Ferro Alloys has recommended the issue of Bonus Shares in the ratio of 1:1. 2022 -The Company has issued Bonus Shares in the Ratio of 1:1. 2024 -The Company BOD approve the Scheme of Amalgamation between Utkal Coal Limited and Indian Metals & Ferro Alloys Ltd.