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IRM Energy Secures Long-Term RLNG Supply Agreement with Shell Energy

Written by: Team Angel OneUpdated on: Mar 27, 2025, 2:11 PM IST
IRM Energy has signed a five-year RLNG supply contract with Shell, ensuring stable and affordable gas for industrial and commercial customers.
IRM Energy Secures Long-Term RLNG Supply Agreement with Shell Energy
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IRM Energy Limited has entered into a long-term contract with Shell Energy India Private Limited for the supply of Regasified Liquefied Natural Gas (RLNG). This five-year agreement ensures a stable and cost-effective energy supply, reinforcing IRM Energy’s commitment to sustainability and reliability in the gas sector.

Strengthening Industrial and Commercial Energy Supply

Under this agreement, IRM Energy will procure 1,23,21,200 MMBtu (approximately 326.84 mmscm) of RLNG, enhancing its supply security for industrial and commercial customers. This partnership with Shell, a leading global LNG supplier, allows IRM Energy to offer cleaner energy solutions, aiding businesses in reducing their carbon footprint while maintaining operational efficiency.

Advancing Energy Security and Sustainability

This deal aligns with IRM Energy’s mission to drive energy accessibility through strategic collaborations. By securing a long-term RLNG supply, the company not only supports industrial growth but also contributes to India’s transition to cleaner energy. The agreement signifies a step forward in ensuring affordability and innovation in the natural gas sector.

IRM Energy Share Performance 

As of March 27, 2025, at 2:00 PM, IRM Energy share price are trading at ₹294.85 per share, reflecting a surge of 8.08% from the previous day’s closing price. Over the past month, the stock has seen a surge of 6.0%

Conclusion

IRM Energy’s partnership with Shell reinforces its commitment to providing sustainable and reliable energy solutions. This agreement enhances the company’s sourcing capabilities, benefiting both industrial users and India’s broader energy goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 27, 2025, 2:11 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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