IMFA Pulls Plug On Ampin Energy Deal, Set To Recover ₹123.2 Million Investment

Ashik Bothra May 14, 2026 410 Views

Indian Metals and Ferro Alloys Ltd has terminated its Power Purchase Agreement and Share Subscription and Holders Agreement with Ampin Energy Utility One Private Limited, effective May 14, 2026. The company is set to receive a full refund of ₹123.2 million, signalling a strategic realignment of its energy sourcing approach