Ferroalloy producer Indian Metals & Ferro Alloys (IMFA) will procure 40 MW of power from AMPIN Energy’s 116 MW wind-solar hybrid power project.

IMFA has signed a long-term power purchase agreement with AMPIN’s special purpose vehicle, AMPIN Energy Utility One, for 25 years.

AMPIN’s project comprises 58 MW each of solar and wind capacity.

The renewable energy procurement will reduce IMFA’s carbon footprint and ensure long-term energy cost stability.

IMFA is a fully integrated producer of value-added ferrochrome backed up by captive chromite mines and power generation.

It has a 4.5 MW solar power project installed at Therubali, Odisha, and rooftop solar projects have been installed at its mines.

The company has also planned to procure 50 MW of renewable energy power for its expansion plan in Kalinganagar.

To reduce human-animal conflict sustainably, the company has installed solar fencing to prevent wild animals from entering mine quarries.

In the fiscal year 2024, the company generated 18,881 joules from renewable energy.

For its captive mines in Odisha’s Sukinda and Mahagiri areas, the company has established solar projects for captive consumption.

IMFA has installed a 43 kW and an 8 kW rooftop solar project at a substation for its mines, at a cost of ₹2.4 million (~$28,036).

Around the mines, it has installed 10 solar streetlights at a cost of ₹483,000 (~$5,642.31).

In December 2024, IMFA announced a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. IMFA signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, investing ₹832.6 million (~$9.8 million) in a wind-solar hybrid project that combines 50 MW solar and 100 MW wind.

In April 2025, AMPIN agreed to supply 75 MW of solar power to UtraTech Cement. AMPIN entered into energy supply, share subscription, and shareholders agreements to acquire a 26% equity share in the SPV, AMPIN C&I Power Eight, investing ₹255 million (~$2.98 million).