SNS reported that Indian Metals & Ferro Alloys Limited has been recognized as the outstanding supplier of the year 2007 by POSCO for supply of ferrochrome.

As per report, Mr Joon Yang Chung president & CEO of POSCO handed over a plaque to Mr Subhrakant Panda MD of IMFA at a function held at the POSCO centre in Seoul on January 9th 2008.

IMFA first supplied ferrochrome on spot basis to POSCO in 1998 and subsequently entered into a long term agreement in 2000. Presently, IMFA is one of the leading suppliers of ferro chrome to POSCO and meets about 20% of its requirements.