IMFA Acquires 26% Stake In Renewable Energy Firm For Rs 110 Cr – BW Businessworld
The company has also signed a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the Captive Consumer structure defined under the Electricity Act, 2003 and Electricity Rules, 2005 Indian Metals & Ferro Alloys Ltd (IMFA) has acquired a 26 per cent equity stake in EG Urja Strot Private Limited for approximately Rs 110.18 crore as part of its…
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