Indian Metals and Ferro Alloys gains on JV with JSW Green Energy

Indian Metals And Ferro Alloys

18/12/2024 06:44

** Indian Metals and Ferro Alloys  IMFA.NS  rises as much as
~4% to 962.85 rupees; last up 2.2%
    ** Co enters into joint venture with JSW Green Energy to
source renewable energy for its operations
    ** IMFA will invest 832.6 mln rupees ($9.8 mln) in the
project and get 70 MW of renewable power supply under 25-year
power purchase agreement
    ** YTD, stock has nearly doubled

($1 = 84.9190 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))