Indian Metals & Ferro Alloys Ltd (IMFA) has acquired a 26 per cent stake in EG Urja Strot Private Ltd for about Rs 110.18 crore. The company has also signed a 29-year Power Purchase Agreement under the captive consumer structure to secure 65 MW of hybrid renewable energy for its ferrochrome operations
Indian Metals & Ferro Alloys Ltd (IMFA) has acquired a 26 per cent stake in EG Urja Strot Private Ltd for around Rs 110.18 crore.The company has also executed a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the captive consumer structure, the company said in a regulatory filing. Under the pact, the company will receive 65 MW of hybrid renewable power supply for its ferrochrome operations.The indicative timeline for completion of the project is June 2027.Bhubaneswar-headquartered Indian Metals & Ferro Alloys Ltd (IMFA) is India's largest fully integrated producer of value-added ferrochrome.Published on May 26, 2026
