IMFA Acquires 26% Stake in EG URJA STROT for ₹110.18 Crore for 65 MW Renewable Power
IMFA will acquire a 26% equity stake in EG URJA STROT PRIVATE LIMITED for ₹110.18 Crore. This acquisition aims to secure 65 MW of renewable power supply through a 29-year Power Purchase Agreement. The deal is expected to be completed by June 2027. EG URJA STROT PRIVATE LIMITED specializes in renewable energy.
The acquisition of a 26% stake and a long-term power purchase agreement for 65 MW of renewable power is a significant strategic move that will impact the company's operational costs and sustainability profile.
The company is securing a long-term power supply agreement and acquiring a stake in a renewable energy entity, which is positive for its operational stability and sustainability goals.
Indian Metals & Ferro Alloys Limited (IMFA) has entered into a Power Purchase Agreement on 25 May 2026 with EG URJA STROT PRIVATE LIMITED for a duration of 29 years. This agreement is for the supply of hybrid renewable power totaling 65 MW Contracted Demand. The power supply will comprise Solar capacity of 81.4 MW, Wind capacity of 102.6 MW, and BESS 25 MWh, structured under a Captive Consumer model as defined by the Electricity Act, 2003 and Electricity Rules, 2005.
As part of this arrangement, IMFA will acquire a 26% equity stake in EG URJA STROT PRIVATE LIMITED for a cash consideration of ₹110.18 Crore, to be paid in tranches. The acquisition is expected to be completed by June 2027. EG URJA STROT PRIVATE LIMITED, incorporated on 06 March 2025, operates in the Renewable Energy sector and has a turnover of NIL. This acquisition does not fall under related party transactions, and IMFA's promoters or group companies have no interest in EG URJA STROT PRIVATE LIMITED. The primary objective of this acquisition is to secure a stable supply of approximately 65 MW of renewable power for IMFA.
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Indian Metals & Ferro Alloys Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Metals & Ferro Alloys Limited. Read the original for the full detail.