1. Establishment and Capacity
   Founded in 1990, HFAL began its operations with a 5.0 MVA Submerged Arc Furnace (SAF) for producing 7,200 TPA of SiMn. Over the years, the company has expanded its operations, achieving an installed capacity of 26.6 MVA, producing 61,500 TPA of FeMn. Additionally, HFAL has a power generation capacity of 20 MW through thermal energy, 8.5 MW from a biomass-based plant, and 1.5 MW from windmill energy, making up one-third of its green energy production.
2. Sustainability Initiatives
   The company has made significant strides in renewable energy by expanding its windmill power generation units across various states in India.
3. Clientele and Acquisitions
   HFAL has earned the trust of numerous well-established brands across the country. In a strategic move, GPIL (Hira Ferro Alloys’ parent company) entered into a Share Purchase Agreement with Hira InfraTek Limited (HITL) on March 21, 2022, to acquire 4,454,621 equity shares of HFAL at a price of Rs. 224 per share. This acquisition increased GPIL’s stake in HFAL from 56.45% to 75.66%, further strengthening its position.
4. Financial Performance
   In FY21, Hira Ferro Alloys posted a PAT of Rs. 91.80 crore, with an earnings per share (EPS) of 47x. Based on this performance, the transaction was valued at a price-to-earnings (P/E) ratio of 4.76x.

Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided