InvIT

Marquee Institutional Investors pick significant stake in IndiGrid

IndiGrid has announced the launch of its preferential issue process following successful conclusion of the Offer-for-Sale (OFS) run by its sponsor KKR. Last week, KKR successfully concluded an OFS process to bring their unitholding down from 21.17 per cent Read more

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

Sustainable Energy Infra Trust raises Rs.1,365 crore in primary capital

    Sustainable Energy Infra Trust (SEIT), an infrastructure investment trust (InvIT) in the renewable energy space, has raised primary capital of Rs.1,365 crore and has made its debut listing on the National Stock Exchange of India on January 15, 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 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 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 New | T&D India

IndiGrid raises long-term finance from IFC

  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

IndiGrid acquires Khargone Transmission from Sterlite Power

  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