DMD Advocates advises IMFA on Power Purchase Agreement with AMPIN Energy

DMD Advocates advised Indian Metals and Ferro Alloys Limited (IMFA) on its power purchase arrangement with AMPIN Energy Utility One Private Limited (AMPIN).

The Firm was involved in legal due diligence, as well as drafting and negotiating the transaction documents.

The transaction was led by Rashi Dhir (Senior Partner & Head of Corporate), along with Tarinee Sudan (Partner), Priyanka Hazarika (Senior Associate), Aditi Kumari (Associate), Jasmine Brar (Associate), and Kashish Ali (Associate).

Earlier this year, DMD had advised IMFA on its strategic partnership with JSW Green Energy.

Under this arrangement, IMFA is investing in AMPIN for the supply of hybrid renewable power of 40 MW Contracted Demand (solar capacity of 58 MW AC & wind capacity of 58 MW), under ‘captive generating plant’ model. As part of the arrangement, IMFA has committed to invest ₹61.60 crore in one or more tranches in the project entities. This move is part of IMFA’s broader strategy to shift toward clean energy, enhance energy cost predictability, and significantly reduce its carbon footprint.

Established in 1961, Indian Metals & Ferro Alloys Ltd is one of the leading producers of value-added ferro chrome in India. The company’s integrated business model has positioned it as a reliable and cost-effective producer of best-in-class quality ferrochrome, both domestically and internationally.

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