Key Quantitative Figures

  • Power Purchase Agreement for 65 MW hybrid renewable power
  • Solar capacity: 81.4 MW
  • Wind capacity: 102.6 MW
  • Battery Energy Storage System (BESS): 25 MWh
  • Investment amount: ₹110.18 crore
  • Equity stake: 26% in EG Urja Strot Private Limited
  • Agreement duration: 29 years

Parties Involved

  • Indian Metals and Ferro Alloys Limited (IMFA) - Scrip Code: 533047 (BSE), Symbol: IMFA, EQ (NSE)
  • EG Urja Strot Private Limited (CIN: U35105TS2025PTC195217) - Power Producer

Purpose and Rationale

The Company will receive ~65 MW renewable power supply under Captive Consumer structure as defined in the Electricity Act, 2003 and Electricity Rules, 2005.

Transaction Details

  • Consideration: Cash consideration of ₹110.18 crore
  • Investment will be made in one or more tranches
  • The acquisition does not fall within purview of Related Party Transactions
  • Promoter/promoter group/group companies have no interest in EG Urja Strot Private Limited
  • No governmental or regulatory approvals required

Target Entity Background

  • EG Urja Strot Private Limited incorporated on 06 March 2025
  • Industry: Renewable Energy
  • Financial history: NIL turnover for last 3 years
  • Country of operation: India