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IndiGrid’s transmission portfolio touches 8,468 ckm

 

 

India Grid Trust (IndiGrid), India’s first power sector infrastructure investment trust (InvIT), had a total power transmission portfolio of 8,468 ckm, as of December 31, 2023.

In an investor presentation, IndiGrid announced that as of December 31, 2023, it had a total power transmission portfolio of 8,468 ckm with aggregate transformation capacity of 17,550 MVA.

 

The total assets under management (AUM) touched Rs.267 billion, inclusive of both power transmission and solar power projects.

 

There are highlights of the third quarter (Q3: October to December) of FY24:

 

Exciting quarter

Commenting on the IndiGrid’s performance in Q3FY24, Harsh Shah, Chief Executive Officer, & Whole Time Director of IndiGrid, said, “This has been an exciting quarter for us. While we continued to make great strides in our business adjacencies with the greenfield project wins and the solar asset acquisition, we also ensured that the company maintains a strong balance sheet and has ample headroom for consistent growth. With the equity fund raise of Rs.1,070 crore during the fiscal, we ended the quarter with a net debt-to-AUM of 61.6 per cent.

With the 2024-25 budget just around the corner, we are confident that infrastructure growth in the country will continue to occupy center stage and the sectors of renewables and transmission will see consistent investments. IndiGrid has invested steady efforts since its inception and today is very well placed to benefit from this growth cycle.”

Also read: IndiGrid To Acquire Solar Asset From ReNew Power

Featured collage (source: IndiGrid) relates to IndiGrid’s transmission assets

 

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