Hira Ferro Alloys Ltd. (HFAL), a flagship company of the renowned Hira Group, is one of India’s earliest and most respected manufacturers of manganese-based ferro alloys, playing a vital role in modern steelmaking and refining. Since its establishment in 1990, HFAL has evolved into a diversified and future-ready industrial enterprise, producing Ferro Alloys, Captive Power, Briquettes, and Fly Ash Bricks, while maintaining a strong commitment to sustainable and energy-efficient manufacturing.
A Legacy of Leadership in Ferro Alloys
Starting with a 5.0 MVA Submerged Arc Furnace (SAF) producing 7,200 TPA of Silico Manganese, HFAL has grown into one of India’s leading ferro alloy manufacturers. Today, it boasts:
With nearly one-third of its power sourced from green energy, HFAL stands out for its sustainable production model in the ferro alloys industry.
Expanding Renewable Power Footprint
HFAL is aggressively expanding its wind energy generation capacity across multiple Indian states, further strengthening its position as an environmentally responsible metallurgical company. This renewable transition supports both cost optimization and a reduced carbon footprint.
Strong Industry Reputation & Clientele
Over the decades, HFAL has built a nationwide reputation for reliability and high-grade ferro alloy production. Its customer base includes several of the most trusted steel manufacturers in India, reflecting its superior technical capabilities and product quality.
Strategic Acquisition by GPIL
In March 2022, Godawari Power & Ispat Ltd. (GPIL) increased its stake in HFAL through the acquisition of 44,54,621 shares from Hira InfraTek Ltd. at ₹224 per share, raising its ownership from 56.45% to 75.66%.
This transaction valued HFAL at an extremely attractive level:
This highlights the company’s strong earnings profile and undervalued growth potential.
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