New Delhi, March 27 -- Shares of IRM Energy jumped as much as 14 percent on March 27 after the company announced a long-term agreement with Shell Energy India for the supply of Regasified Liquefied Natural Gas (RLNG). The deal, which spans five years, is expected to enhance IRM Energy's sourcing portfolio, ensuring stable and affordable gas supplies for its industrial and commercial customers.

In an exchange filing on March 26, IRM Energy revealed that it had successfully executed a five-year RLNG purchase agreement with Shell Energy India Pvt. Ltd. Under the deal, the company will procure a total of 1.23 crore MMBtu of RLNG, equivalent to approximately 326.84 mmscm at 9500 k/cal Gross Calorific Value (GCV).

The company highlighted that...