Latest news with #IndianMetals
Business Upturn
27-05-2025
- Business
- Business Upturn
Indian Metals signs 25-year power purchase agreement with AMPIN Energy Utility One
Indian Metals has recently informed exchanges that the company signed a long-term Power Purchase Agreement (PPA) with Ampin Energy Utility One Private Limited for the supply of hybrid renewable energy. This agreement follows a previously established binding term sheet between the two companies. Under the terms of the agreement, Ampin Energy Utility One will supply Indian Metals with hybrid renewable power corresponding to a contracted demand of 40 MW. The project will comprise 58 MW AC of solar capacity and 58 MW of wind capacity. The duration of the Power Purchase Agreement is 25 years. This initiative aligns with Indian Metals' ongoing efforts to integrate renewable energy into its power mix. In the exhcange fling, Indian Metals shared, 'In continuation of our earlier intimation dated 25th February 2025 wherein the Company had entered into Binding Term Sheet with AMPIN ENERGY UTILITY ONE PRIVATE LIMITED to supply hybrid renewable power of 40 MW Contracted demand (Solar capacity of 58 MW AC & Wind capacity of 58 MW), we are pleased to inform you that the Company has signed a Power Purchase Agreement with the above Company for 25 years (twenty five years).' With this PPA, Indian Metals sets a benchmark in the industry for transitioning to clean energy and driving environmental stewardship. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
26-05-2025
- Business
- Yahoo
Indian Metals & Ferro Alloys Ltd (BOM:533047) Q4 2025 Earnings Call Highlights: Navigating ...
Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Indian Metals & Ferro Alloys Ltd (BOM:533047) demonstrated resilience in Q4 FY25 despite ongoing market challenges, focusing on operational excellence. The company delivered a positive free cash flow and retained a healthy financial position despite headwinds. Work has commenced on a 96,000 metric tons per annum greenfield ferrochrome expansion project in Kalinga Nagar, with all major orders placed. Indian Metals & Ferro Alloys Ltd signed power purchase agreements to acquire 110 megawatts of hybrid renewable energy, enhancing energy security and reducing carbon footprint. The company received necessary statutory clearances for a 120 kLD ethanol project and completed major equipment orders. The macroeconomic environment remains uncertain, impacting several segments of commodity markets. There was a decrease in EBITDA by 44% from Q3 to Q4 FY25, despite only a 12% decrease in revenue. Falling Metco prices have not yet fully benefited the company due to inventory lag. The company faces challenges in the South African market, including electricity costs and market conditions affecting production. The cost of the Kalinga Nagar expansion project has increased from initial estimates, now totaling approximately 900 crores. Warning! GuruFocus has detected 3 Warning Sign with BOM:526423. Q: What was the EBITDA cost per metric ton for Q4 FY25? A: The EBITDA cost was ?76,980 for Q4 FY25. - Chief Financial Officer Q: How do you expect the falling Metco prices to impact your costs? A: We have seen a reduction in Metco prices from ?18,881 last year to ?15,543 this year. We usually keep a stock of about three months, so the benefits of falling prices will take some time to reflect. - Chief Financial Officer Q: Can you provide an update on the Kalinga Nagar expansion project? A: Major equipment orders for the Kalinga Nagar project have been completed. We plan to commission the first furnace by June 2026. - Chief Financial Officer Q: What is the impact of the Merafe shutdown in South Africa on the market? A: Merafe and Glencore have reduced production due to market conditions and increased electricity costs in South Africa. This may lead to more chrome ore exports from South Africa. - Head of Sales and Marketing Q: What are the expected production levels for FY26 and FY27? A: We expect to start production from the new facility in mid-2026, with an estimated production of 50,000 to 60,000 metric tons in the first year. - Chief Operating Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
