InvIT
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 to explore opportunities in energy storage
- Jul 27, 2022
India Grid Trust (IndiGrid), India’s first infrastructure investment trust (InvIT) in the power sector will be exploring opportunities in areas like utility-scale battery storage, apart from its core area of power transmission. An investor presentation discussing the InvIT’s performance Read more
Pratik Agarwal recognized as ‘CEO of the Year’
- Jun 17, 2022
Pratik Agarwal, Managing Director, Sterlite Power, has been recognised as the “CEO of the Year’ (Non-Renewables)” at The Economic Times Energy Leadership Awards 2022, for his distinguished leadership in the power industry. Read more
PowerGrid InvIT seeks unitholders’ nod for acquisitions
- Mar 1, 2022
PowerGrid Infrastructure Investment Trust (PGInvIT) has sought approval from unitholders for fresh investment in assets related to Power Grid Corporation of India Ltd (PGCIL). In a regulatory filing, Powergrid Unchahar Transmission Ltd (PUTL) – Read more
We see tremendous opportunity in the greenfield power transmission space: IndiGrid
- Feb 24, 2022
India Grid Trust (IndiGrid), India’s first infrastructure investment trust (InvIT) in the power transmission sector, was recently in the news with some major developments like winning its first greenfield TBCB power Read more
Sterlite Power completes full transfer of residual ownership in IndiGrid
- Jan 15, 2022
Sterlite Power Transmission Ltd (Sterlite Power) has successfully completed the full transfer of its residual ownership in IndiGrid. In a release, Sterlite Power announced the successful sale of its remaining shareholding constituting 26 per cent of Read more
Virescent Renewable Energy Trust appoints Akshay Jaitly as Independent Director
- Nov 15, 2021
Virescent Renewable Energy Trust (VRET) has expanded its Board and has appointed Akshay Jaitly as an Independent Director. In a statement, VRET said that Akshay Jaitly is the President of 262 Advisors, Read more
Virescent Infrastructure raises Rs.460 crore in India’s first RE-InvIT
- Sep 29, 2021
Virescent Infrastructure, an Indian renewable energy platform sponsored by global investment firm KKR, has setup India’s first renewable energy infrastructure investment trust (RE-InvIT), Virescent Renewable Energy Trust (“VRET”). VRET has raised Rs.460 crore ($62 million) from a group of Read more
NHPC board approves formation of new dedicated subsidiaries
- Sep 27, 2021
The board of Central PSU hydropower company NHPC has approved the formation of two subsidiaries, dedicated for special purposes. In a recent stock exchange filing, NHPC said that its board has approved the formation of two wholly-owned subsidiaries, subject Read more