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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..