In a significant move toward sustainability, Indian Metals & Ferro Alloys Ltd (IMFA) has entered into a Power Purchase Agreement (PPA) with JSW Green Energy One Ltd. and JSW Green Energy Seven Ltd. The agreement will see IMFA purchasing 70 MW of hybrid renewable energy for a period of 25 years. The contracted demand consists of a solar capacity of 50 MW AC and a wind capacity of 100 MW, reinforcing IMFA's commitment to environmental responsibility and renewable energy.

This agreement follows the company's earlier intimation dated December 17, 2024, in which IMFA had entered into a Binding Term Sheet with JSW Green Energy to supply the renewable energy. This long-term deal strengthens IMFA’s position as a leader in sustainable energy solutions within the industry.

The company’s strategic partnership with JSW Green Energy comes at a time when there is a global push for clean energy alternatives and a reduction in reliance on fossil fuels. The hybrid renewable energy supply comprising both solar and wind energy will help IMFA meet its energy requirements while aligning with national and international sustainability goals.

As per Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, IMFA has disclosed this significant development to both the National Stock Exchange of India Ltd. (NSE) and BSE Limited, ensuring that all stakeholders are informed about the latest agreement. The company’s Chief Financial Officer and Company Secretary, Prem K Elwal, confirmed the details of the agreement and reaffirmed the company's commitment to renewable energy.

For investors looking to stay updated on IMFA’s latest corporate actions and business developments, this agreement is expected to contribute positively to the company's long-term growth strategy. The renewable energy deal aligns well with India’s goal of increasing the share of clean energy in the national grid and shows the company’s proactive approach to energy efficiency.

IMFA’s commitment to securing a long-term, stable, and sustainable energy supply not only enhances its financial outlook but also positively impacts its environmental footprint. This PPA marks a new chapter in IMFA's journey toward adopting eco-friendly practices and becoming more self-sufficient in energy procurement.

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