India Grid Trust

IndiGrid acquires 300-mw solar asset, portfolio crosses 1-GW mark

    India Grid Trust (IndiGrid) has completed the acquisition of a 300-mw solar power asset, taking its overall solar portfolio to over 1 GW. In a release, IndiGrid announced that it has consummated transaction of 300 mw (AC) solar asset Read more

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 Read more

IndiGrid to acquire solar asset from ReNew Power

    India Grid Trust (IndiGrid) is set to acquire a major solar power asset from ReNew Power. In a release, IndiGrid said that it has signed a share purchase agreement with ReNew Solar Power Pvt Ltd (RSPPL) to acquire their Read more

IndiGrid wins two ISTS schemes in TBCB mode

    India Grid Trust (IndiGrid) has received the letter of intent for two interstate transmission system (ISTS) schemes, won through the tariff-based competitive bidding (TBCB) mechanism. In a release, IndiGrid said that it has received letters of intent from REC Read more

IndiGrid raises Rs.670 crore through institutional placement

    India Grid Trust (IndiGrid) announced that it has successfully raised Rs.670 crore through an Institutional Placement (IP) process as laid out by SEBI. The IP process, launched on December 5, 2023, saw strong demand from both existing and new Read more

IndiGrid wins its first battery energy storage system project

  India Grid Trust (IndiGrid) has won its first battery energy storage system (BESS) project. In a release, IndiGrid – India’s first power sector infrastructure investment trust (InvIT) — said that it has won the mandate for design, supply, testing, Read more

IndiGrid starts construction work on RTM projects

  India Grid Trust (IndiGrid) has started work on several augmentation works that it has received on RTM basis. In an investor presentation discussing the financial performance in Q1 (April to June) of FY24, IndiGrid said that it has started Read more

IndiGrid is actively evaluating transmission schemes under TBCB modality

India Grid Trust (IndiGrid), India’s first power sector investment infrastructure trust (InvIT), experienced some very interesting developments in the recent past. These included winning a greenfield TBCB project, securing additional transmission components under the RTM route and signing Read more

IndiGrid board approves acquisition of Virescent Renewable Energy Trust

  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 commissions its first BESS with solar panels at Dhule substation

  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