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DMD Advocates Advised IMFA on Transaction with AMPIN Energy for Renewable Power Consumption
13 Jun 2025
- DMD Advocates
- Deal Reporting
DMD Advocates advised Indian Metals and Ferro Alloys Limited (IMFA), India’s leading fully integrated producer of value-added ferro chrome, on its power purchase arrangement with and investment in AMPIN Energy Utility One Private Limited (AMPIN). 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 INR 61.60 crore in one or more tranches in the project entities. DMD 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).
