IMFA's Green Power Play: ₹616 Million Tie-Up with Ampin Energy Increases Renewable Supply

Indian Metals and Ferro Alloys Ltd (IMFA) signed a binding term sheet with Ampin Energy Utility, investing ₹616 million to achieve around 40 MW of renewable power supply. The strategic step fits into IMFA's sustainability initiatives and targets lowering its carbon footprint. The purchase will fund IMFA's increasing operations, including its greenfield 100,000 tonnes a year facility in Kalinganagar, Odisha. IMFA is putting itself on the map as a sustainable ferro alloys industry operator by using green energy sources, and potentially saving long-term energy expenses. The deal represents a major move toward sustainable manufacturing techniques by IMFA.

Source: IMFA Regulatory Filing, February 25, 2025