As per corporate announcement attached

IMFA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.2%1-day move

₹1495.80

prior close

₹1509.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.5+0.4+0.6-2.2-3.5-5.7-2.3+0.2-0.1-3.7-12.0-8.2—

Up moveDown movePending

AI summary

IMFA has entered a 29-year Power Purchase Agreement with EG URJA STROT PRIVATE LIMITED (incorporated March 2025) to receive 65 MW of hybrid renewable power under a captive consumer structure. The agreement covers solar capacity of 81.4 MW, wind capacity of 102.6 MW, and battery storage of 25 MWh. IMFA will subscribe to 26% equity in the power producer at a total cost of ₹110.18 crore in cash, with expected completion by June 2027. The transaction is not a related party deal and requires no government approvals.

Likely market impact

This strategic move secures long-term renewable power supply for IMFA's manufacturing operations, likely reducing energy costs and carbon footprint over time. The ₹110.18 crore investment represents a notable capital outflow but could improve operational cost efficiency going forward.