Singapore-registered Esoteric II Fund Pte Ltd (Esoteric) has proposed to seek induction as the “sponsor” of IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector.
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model.
IEEMA, the apex industrial body of the electrical equipment industry, has decided to organise a virtual exhibition to showcase AatmNirbhar Bharat for its domain industry.
Power Grid Corporation of India has announced that Pole-1 of the HVDC bipole link between Raigarh (Chhattisgarh) and Pugalur (Tamil Nadu) was put in commercial operations on September 6, 2020.
The Eastern Region System Strengthening (ERSS) – XVIII scheme being developed by Power Grid Corporation of India, under the TBCB mode, is scheduled for completion in October this year.
India Grid Trust (IndiGrid) has completed acquisition of a transmission asset Gurgaon Palwal Transmission Ltd (“GPTL”), from Sterlite Power at an enterprise value of around Rs.1,080 crore.
Schneider Electric, in a press statement, has announced the successful completion of the transaction combining Larsen & Toubro’s Electrical & Automation business and Schneider Electric India’s Low Voltage and Industrial Automation Product business.