IMFA Enters Power Purchase Agreement with EG Urja Strot

Indian Metals & Ferro Alloys Ltd (IMFA) has entered into a 29-year Power Purchase Agreement (PPA) on May 25, 2026, with EG URJA STROT PRIVATE LIMITED to supply 65 MW of hybrid renewable power. The agreement involves a cash consideration of ₹110.18 Crore in one or more tranches, with IMFA subscribing to 26% equity capital in EG URJA STROT. The renewable power will be sourced from a hybrid setup including 81.4 MW Solar, 102.6 MW Wind, and 25 MWh BESS capacity, under a Captive Consumer structure. The acquisition is expected to be completed by June 2027.