New Delhi, May 31, 2025: Indian Metals & Ferro Alloys Limited (IMFA) has signed a long-term Power Purchase Agreement (PPA) with AMPIN Energy Utility One Private Limited. Under the terms of the PPA, IMFA will source 40 MW of contracted demand through a hybrid renewable energy solution, comprising 58 MW AC of solar and 58 MW of wind capacity. The agreement is valid for a period of 25 years. This partnership is expected to significantly reduce IMFA’s carbon footprint, ensure long-term energy cost stability, and support the company’s environmental, social, and governance (ESG) objectives.
Commenting on the development, Bijayananda Mohapatra, Chief Operating Officer of IMFA, said: “This long-term agreement with AMPIN Energy Utility One Private Limited is a milestone in our journey towards sustainable operations. By integrating hybrid renewable energy into our power mix, we are not only reducing our dependency on conventional sources but also reinforcing our commitment to responsible manufacturing.”
The collaboration with AMPIN Energy Utility One Private Limited, a leading renewable energy solutions provider, underscores IMFA’s proactive approach in aligning its business operations with global best practices in sustainability.
Indian Metals & Ferro Alloys Ltd (IMFA) is a fully integrated producer of value added ferro chrome with 190 MVA installed furnace capacity backed up by captive chromite mines and power generation. Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the company has manufacturing complexes in Therubali & Choudwar.
