• West Asia impact: Exposure is negligible with no disruption to demand or critical inputs, and minor freight rate increases are comfortably absorbed as ferro chrome prices moved above 120,000 rupees per ton.
• Production capacity expansion: Output is projected to expand from 265,000–270,000 tons in FY26 to approximately 400,000 tons in FY27 and 475,000–500,000 tons in FY28, driven by the acquired Kalinganagar plant and adjacent greenfield furnaces.
• Logistics cost reduction: The Kalinganagar site offers superior proximity to mines, Paradip Port, and domestic customers, which is expected to yield a weighted average cost saving of roughly 2,000 rupees per ton on EBITDA once fully stabilized.
• Pricing and margins: Weighted average selling prices climbed to 109,000 rupees per ton in Q4 and exceeded 120,000 rupees per ton in Q1 FY27, supported by elevated input cost pressures on non-integrated global competitors.