IndiGrid
IndiGrid board approves acquisition of Virescent Renewable Energy Trust
- May 13, 2023
The board of directors of India Grid Trust (IndiGrid) has approved the acquisition of 100 percent units of Virescent Renewable Energy Trust (VRET) along with its Investment Manager (IM) and Project Manager (PM), at an enterprise valuation of Read more
IndiGrid raises long-term finance from IFC
- Apr 21, 2023
India Grid Trust (IndiGrid) has announced that International Finance Corporation (IFC) has subscribed to a listed NCD issuance of IndiGrid, aggregating Rs.1,140 crore. With a total tenure of 18 years, the NCDs were priced at a Read more
TBCB Report Card for FY23: 8 awarded, 6 completed
- Apr 19, 2023
A special study by T&D India, based on official documents, suggests that during fiscal year 2022-23 ending March 31, 2023, a total of eight interstate transmission projects were awarded under the tariff-based competitive bidding (TBCB) route. Further, six Read more
IndiGrid commissions its first BESS with solar panels at Dhule substation
- Apr 6, 2023
IndiGrid (India Grid Trust) has recently installed and commissioned a pilot project of a solar panel bank coupled with a battery energy storage system (BESS) at the InvIT’s Dhule substation in Maharashtra. This BESS-cum-solar panel facility will be used Read more
IndiGrid acquires Khargone Transmission from Sterlite Power
- Mar 3, 2023
India Grid Trust (IndiGrid) announced that it has completed the acquisition with 100 per cent holding and economic interest in Khargone Transmission Ltd (KTL) from Sterlite Power Transmission Ltd. IndiGrid and Sterlite Power had signed the binding share purchase Read more
Khargone Transmission to add Rs.85 crore to IndiGrid’s annual cash flow
- Jan 26, 2023
The newly-announced acquisition of Khargone Transmission Ltd by India Grid Trust (IndiGrid) is expect to add around Rs.85 crore per year to the InvIT’s net distribution cash flow, IndiGrid said in a statement. It may be recalled that earlier Read more
IndiGrid to acquire Khargone Transmission Ltd
- Jan 23, 2023
India Grid Trust (IndiGrid) has proposed to acquire the entire equity capital of Khargone Transmission Ltd (KTL) that owns an operational interstate transmission system. In a stock exchange communication, IndiGrid said that it will be seeking the approval of Read more
IndiGrid and GR Infraprojects partner for power transmission bids
- Dec 21, 2022
India Grid Trust and GR Infraprojects Ltd have announced a strategic partnership in the Indian power transmission sector. An MoU has been signed to jointly bid for identified TBCB (tariff-based competitive bidding) transmission projects aggregating to approximately Rs.5,000 crore. Ministry Read more
Kallam Transmission to develop additional component in RTM mode
- Dec 21, 2022
Kallam Transmission Ltd, a project special purpose vehicle that is developing an interstate transmission system (ISTS) project in the TBCB mode, has been entrusted with an additional component to be built under the regulated tariff mechanism (RTM) modality. In Read more
We are ensuring that project quality is top notch: IndiGrid
- Sep 21, 2022
India Grid Trust (IndiGrid) is India’s first infrastructure investment trust (InvIT) focused on the power sector. While IndiGrid has grown its portfolio through acquisition of power-related assets, it is interesting to Read more