IMFA Acquires 26 Per Cent Stake In EG Urja Strot And Signs 29-Year Power Pact

01 Jun 2026 CW Team

Indian Metals and Ferro Alloys (IMFA) has acquired a 26 per cent stake in EG Urja Strot and has executed a 29-year renewable power purchase agreement with the company. The transaction and the long-term pact were announced in a corporate release that set out the strategic intent behind the move. The stake acquisition establishes IMFA as a significant minority investor in EG Urja Strot and aligns the companies for extended collaboration.

The power purchase agreement is intended to secure a stable supply of renewable electricity for IMFA's industrial operations and to reduce reliance on conventional sources. Management described the arrangement as a measure to improve energy security and manage power procurement risks over an extended period. The pact underpins efforts to meet sustainability objectives and lower the carbon intensity of production activities.

Under the terms of the equity transaction, IMFA will hold 26 per cent of the equity in EG Urja Strot, while the long-term power purchase agreement will govern the sale and purchase of generation over 29 years. The structure combines ownership exposure with contracted offtake to deliver both strategic influence and operational certainty. The arrangement supports more predictable energy costs and facilitates planning for future capacity and capital expenditure.

Both parties will proceed with implementation, including any statutory filings and operational integration steps required to commence supply. The companies indicated that the deal forms part of a broader focus on renewable energy offtake and on securing inputs critical to industrial competitiveness. Such agreements can influence peer activity as firms seek to combine investment and supply contracts to meet long-term energy and sustainability needs. The companies will also coordinate on grid connection works and operational scheduling to align generation with demand.

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