Joint Venture12 Jun 2025, 08:02 pm
IMFA Signs Share Subscription and Shareholders Agreement with AMPIN ENERGY UTILITY ONE PRIVATE LIMITED
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) has signed a Share Subscription and Shareholders Agreement with AMPIN ENERGY UTILITY ONE PRIVATE LIMITED. The agreement is in continuation of a Power Purchase Agreement to supply hybrid renewable power of 40 MW Contracted Demand. IMFA will subscribe to 16.26% of the Power Producer's equity upon completion of specified milestones to generate power and supply it to comply with the captive status. The agreement is valid for 25 years from the Commercial Operation Date.
Key Highlights
- IMFA has signed a Share Subscription and Shareholders Agreement with AMPIN ENERGY UTILITY ONE PRIVATE LIMITED
- The agreement is in continuation of a Power Purchase Agreement for 40 MW Contracted Demand
- IMFA will subscribe to 16.26% of the Power Producer's equity upon completion of specified milestones
- The agreement is valid for 25 years from the Commercial Operation Date
- The agreement is a joint venture to supply hybrid renewable power