As per corporate announcement
IMFA · price
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IMFA has terminated its Power Purchase Agreement (PPA) and Share Subscription and Shareholders Agreement (SSHA) with Ampin Energy Utility One Private Limited effective 14th May 2026. The agreements were for supplying hybrid renewable power of 40 MW (Solar 58 MW AC & Wind 58 MW). The termination was by mutual consent due to delays in project delivery timeline and project approvals. IMFA had invested Rs. 12.32 crore subscribing to 1.23 crore equity shares, holding a 4.36% stake in the power producer. This investment amount will be refunded. The company notes it is in advanced discussions with another hybrid renewable energy developer and expects to sign binding documents in Q1FY27.
The termination represents a cancelled deal for IMFA's renewable energy expansion plans. However, the full investment will be refunded, limiting financial loss. The company remains committed to renewable energy with new partnerships being pursued.