IRM Energy Limited — Important, 30-03-2025: Updates

IRM Energy Limited has executed a significant 5-year Re-Gasified Liquefied Natural Gas (RLNG) purchase agreement with Gujarat State Petroleum Corporation Limited (GSPCL), contracting 65,76,000 MMBtu, equivalent to approximately 174.44 MMSCM. This agreement, alongside a similar deal signed with Shell Energy India, secures a total of 1,88,97,200 MMBtu over the next five years, enhancing the company's energy supply stability for industrial and commercial customers.

This strategic move underscores IRM Energy's commitment to securing reliable energy sources while promoting cleaner and cost-effective fuel solutions. The partnerships not only bolster the company's sourcing portfolio but also support India's transition towards low-carbon alternatives, thus aligning with sustainability goals.

IRM Energy’s focus on innovation and expanding infrastructure positions it to meet the growing demand in the energy sector, advancing the company’s strategic growth and maintaining a positive outlook for continued industrial development. This collaboration is expected to drive significant operational efficiencies and support widespread adoption of clean energy solutions among its clientele.