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

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

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.

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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement