Indian Metals & Ferro Alloys has invested approximately INR 110 crore to acquire a 26% stake in EG Urja Strot, securing a 65 MW hybrid renewable energy supply under a self-consumption model.

Indian Metals & Ferro Alloys Ltd will convene a board meeting on May 27, 2026, to examine their audited financial results for the fiscal year 2025-2026 and propose a final dividend payout.

Indian Metals & Ferro Alloys terminates a 40 MW power purchase agreement due to project delays, and plans to recover the Rs. 12.3 crore investment by the end of this fiscal year. The company is now focusing on potential hybrid energy deals for the upcoming FY27.

IMFA has called off its deals with Ampin Energy due to delays, and they are now awaiting a refund of INR 12.32 crore. The company anticipates a new energy investment by the first quarter of FY27.

Key Companies to Monitor Today: Adani Group, Inox Clean, IRB Infrastructure, RailTel, and Lloyds Metals. Additionally, keep an eye on Kamat Hotels, IndiGo, Fujiyama, and Indian Metals for potential market movements.

Indian Metals & Ferro Alloys reached an unprecedented high of Rs 1585 in the past three days, continuing its winning streak and experiencing significant positive momentum.

IMFA's ferrochrome project is on schedule, slated for pre-commissioning in June 2026. However, their ethanol project has been pushed back a month to July 2026, though no significant financial implications have been reported yet.

Investor Kush Bohra suggests MCX, GMDC, and IMFA as potential investments for short-term profits, with estimated price ranges for each: 1. MCX is projected to reach between Rs 2,815 and Rs 2,885, but be cautious if the price drops below Rs 2,700. 2. GMDC could see a rise to around Rs 633 - Rs 650, with a safety net at Rs 595 if the stock starts falling. 3. IMFA is expected to climb up to Rs 1,418 - Rs 1,450, but watch out for a drop below Rs 1,355.