Indian Metals & Ferro Alloys Limited — JV/Acquisition, 25-05-2026: Acquisition

Indian Metals & Ferro Alloys (IMFA) is investing ₹110.18 Cr to acquire a 26% stake in EG URJA STROT Private Limited, a renewable energy producer. This strategic move secures a 29-year Power Purchase Agreement for ~65 MW of hybrid renewable power (solar, wind, and battery storage) under a captive consumer structure. This investment aims to provide IMFA with a stable, cost-efficient, and green energy supply for its operations, significantly enhancing operational sustainability and energy independence.