Bhubaneswar – Indian Metals & Ferro Alloys Ltd (IMFA), the country’s leading fully integrated producer of ferro chrome, announced a joint venture with JSW Green Energy to source renewable energy for its smelting operations. IMFA has signed a binding term sheet with JSW Green Energy One Ltd and JSW Green Energy Seven Ltd, and will invest Rs 83.26 crores in a hybrid project that combines 50 MW AC solar and 100 MW wind for a total contracted capacity of 70 MW. The Company will subsequently sign a power purchase agreement (PPA) as a captive consumer which will be valid for 25 years.
Mr Binoy Agarwalla, Vice President & Head-Power Business Unit said: “As a pioneer in the ferro alloys industry with backward integration into captive power, renewable energy is a key aspect of reducing our carbon footprint. By combining solar and wind power, we are taking a proactive step towards a green future and aligning with the global trend of sustainability.”
IMFA is putting up a 100,000 tonnes per annum greenfield facility at Kalinga nagar, Odisha to augment its ferro chrome production in line with increasing demand.
About IMFA
Indian Metals & Ferro Alloys Ltd(IMFA) is India’s leading fully integrated producer of value added ferro chrome with 190 MVA per annum installed furnace capacity (284,000 tonnes pa of ferro chrome). Incorporated in 1961 and headquartered in Bhubaneswar (Odisha), the Company has manufacturing complexes in Therubali & Choudwar backed up by captive power generation of 204.5 MW (including 4.5 MWp solar) and own chrome ore mines in Sukinda & Mahagiri. IMFA’s operations are benchmarked to international standards and are ISO 9001 (Quality Management) certified.
