Partnership10 Sept 2025, 07:22 pm
Indian Metals & Ferro Alloys Ltd Enters Fresh Agreements with JSW Renew Energy for Hybrid Renewable Power Supply
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) has entered into fresh Power Purchase Agreement (PPA) and Share Subscription and Shareholders Agreement (SSHA) with JSW Renew Energy Twelve Limited. The agreements are for the supply of hybrid renewable power of 70 MW Contracted Demand (Solar capacity of 55 MW AC & Wind capacity of 108 MW). The earlier agreements with JSW Green Energy One Ltd & JSW Green Energy Seven Ltd have been cancelled due to a change in the location of energy sourcing. Consequently, the investment amount has increased marginally from Rs 83.26 crore to Rs 85.38 crore. The details of the terminated agreements and the fresh agreements are in accordance with the SEBI regulations and circulars.
Key Highlights
- Indian Metals & Ferro Alloys Ltd has entered into fresh PPA and SSHA with JSW Renew Energy Twelve Limited.
- The agreements are for the supply of hybrid renewable power of 70 MW Contracted Demand.
- The earlier agreements with JSW Green Energy One Ltd & JSW Green Energy Seven Ltd have been cancelled.
- The investment amount has increased marginally from Rs 83.26 crore to Rs 85.38 crore.
- The details of the terminated agreements and the fresh agreements are in accordance with the SEBI regulations and circulars.