IndiGrid Infrastructure Trust (IndiGrid) has announced that it has successfully raised Rs.1,500 crore through an institutional placement process, in accordance with SEBI regulations.
In a release, IndiGrid said that the institutional placement process, launched on January 19, 2026, was oversubscribed ~2x, and saw widespread investor participation from existing and new long-only domestic and global institutional investors.
Ten insurance companies and 6 mutual funds participated with overall domestic institutional investors and foreign institutional investors contributions being at 78 per cent and 12 per cent, respectively.
Cumulative mop-up
This fund raise follows IndiGrid’s preferential issue of Rs.438 crore completed in November 2025. With the completion of this placement, IndiGrid has raised a total equity capital of Rs.1,938 crore during the FY26, reflecting a calibrated and phased approach to capital raising.
Diversified growth pipeline
IndiGrid continues to build a strong and diversified growth pipeline across transmission, renewables and energy storage. As on date, the platform has nine projects under construction across IndiGrid and its sponsored development platform, EnerGrid, with total capital expenditure of Rs.7,500 crore.
During the year, IndiGrid announced the signing of definitive agreements for the acquisition of Gadag Transmission Ltd (GTL) from ReNew Power, with the transaction expected to be consummated within the current fiscal, as well as for the acquisition of the under-construction NERES XVI Power Transmission Ltd (NPTL) project from Techno Electric, post its commissioning.
In addition to the committed pipeline, IndiGrid and EnerGrid continue to evaluate operational acquisition and greenfield opportunities, respectively, that align with their overall risk-return framework within the energy sector.
Long-term value creation
Commenting on the placement, Harsh Shah, Managing Director of IndiGrid, said, “We are grateful to our unitholders for their continued confidence in IndiGrid. This capital raise strengthens our balance sheet and allows us to pursue growth opportunities in a disciplined manner, with every investment decision anchored in long-term value creation and unitholder returns.”
Also read: IndiGrid to acquire NERES XVI Power Transmission from Techno Electric
Featured photograph showing a transmission asset in IndiGrid’s portfolio is for representation only