IMFA partners with JSW Green Energy for 70 MW renewable energy supply

Indian Metals & Ferro Alloys (IMFA) has formed a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. 

IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, committing Rs 832.6 million to a wind-solar hybrid project, which includes 50 MW solar and 100 MW wind capacity.

The company will also finalize a 25-year power purchase agreement as a captive consumer. IMFA has implemented several initiatives to reduce carbon emissions and increase its reliance on green energy.

In December 2024, JSW Energy’s special purpose vehicle (SPV), JSW Green Energy Eight, signed a power purchase agreement to supply power to Indus Towers, with Indus Towers proposing an investment of Rs 380.3 million to acquire 26 per cent equity in the SPV.