1. Hira Ferro Alloys Ltd. (HFAL) is a venture by one of the primesteel manufacturing group, The Hira Group of industries. HFAL has created its identity as a manufacturer of Ferro Alloys, Power, Briquette and Fly Ash Bricks. It is an active contributor in the production of manganese based ferro alloys in modern steel making and refining. It is India's one of the pioneer company to produce ferro alloys.

2. It was established in 1990 with 5.0 MVA (SAF) to produce 7200TPA equivalent of SiMn. Its Installed Capacity is 26.6 MVA equivalents of 61500 TPA of FeMn while power generation capacity is 20MW for thermal, 8.5 MW for the biomass base plant and 1.5MW for windmill energy that makes one third of the green energy produced.

3. The company has initiated the Installation and expansion of Wind Mill Power Generation units across the Indian States.

4. It has earned a clientele of highly reputed brands across the country. Acquisition of 44.54,621 Shares of Hira Ferro Alloys Limited (A Subsidiary Company). GPIL’s has signed a Share Purchase Agreement with Hira InfraTek Limited (HITL) on 21st March, 2022 to acquire 44,54,621 equity shares of Hira Ferro Alloys Limited (HFAL) from HITL at a price of Rs. 224/-per share. Subsequent to acquisition of these 44,54,621 equity shares of HFAL from HITL, the GPIL`s holding in HFAL shall be increased from 56.45 % to 75.66 % to the paid-up capital of HFAL. 3. Hera Ferro Alloys is a subsidiary of GPIL.

5. Hera Ferro Alloys 9MFY21 PAT is 91.80 and EPS is 47x. So, deal happens at P/E of 4.76x based on this number.