Indigrid

The $300-million platform will focus on bidding and developing greenfield transmission and standalone battery energy storage system (BESS) projects in India

IndiGrid acquires 300 MW solar power plant for Rs 1,550 crore

With this asset addition, IndiGrid's portfolio now consists of 19 solar projects across eight states of the country with a total generation capacity of 1.1 GWp.

India poised for Amrit Kaal, but investment trusts await noteworthy reforms: IndiGrid CEO on interim Budget

We had hoped that this year the budget will include, among other reforms, policy upgrades to classify investment trusts as an equity or equity-like instrument or allow us to participate in mainstream indices, but lack of any major update has left the sector disappointed.

ReNew inks pact to sell 300 MW solar project to IndiGrid for $199 million

The ReNew’s clean energy portfolio of 13.8 GWs on a gross basis as of September 30, 2023, is one of the largest globally.

IndiGrid raises Rs 670 crore via institutional placement

IndiGrid, India's first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a statement said.

IndiGrid Q2 net profit falls 69% to Rs 39 crore

Its consolidated net profit stood at Rs 125.79 crore in the quarter ended on September 30, 2022, according to a regulatory filing.

IndiGrid awarded its first battery energy storage system project

The primary applications envisaged for the project are energy time-shift and ancillary services such as frequency support capacity upgrade deferral and resource adequacy.

IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 crore

The IndiGrid executed a unit purchase agreement on May 12, 2023, for the acquisition of 100 per cent of the units of Virescent Renewable Energy Trust (VRET), in one or more tranches, from the unitholders of VRET.

IndiGrid completes acquisition of Khargone Transmission

The acquisition was funded through a combination of equity, internal accruals, and debt.

IndiGrid acquires 100 MW solar assets from FRV for Rs 660 crore

IndiGrid’s acquisition of its first solar asset is an important milestone in the Indian infrastructure sector as this marks the first renewable energy acquisition by any InvIT in the country, the company said in a statement.

We continue to be optimistic about the potential of transmission sector: IndiGrid

Harsh Shah, Chief Executive Officer, IndiGrid, spoke to Moneycontrol on the rights issue, future plan of the company, amendment to Sebi regulations and the potential of InvITs and Real Estate Investment Trusts. IndiGrid is now planning a rights issue that will open on April 6 and close on April 13.

IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 crore

The acquisition will be funded through a combination of internal accruals, debt, equity proceeds from the preference issue done in May 2019 and forthcoming rights issue.

Sterlite Power sells 14.7% stake in IndiGrid for Rs 840 crore

The company will execute asset transfers of about Rs 6,500 crore as per the framework agreement with IndiGrid

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

Ideas for Profit | An instrument for capital protection and reasonable returns

In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses whether investors should keep their focus on IndiGrid

IndiGrid to acquire power transmission firm ENCIL for Rs 1,020cr

The Board of the Investment Manager of IndiGrid has approved the acquisition of ENICL at a value of Rs 1,020 crore, a company statement said.

IndiGrid raises over Rs 2,500 crore via preferential issue

As part of the transaction, global investment firm KKR and GIC have invested Rs 1,084 crore (USD 157 million) and Rs 980 crore (USD 142 million), respectively, the trust said in a release.

IndiGrid invests Rs 232 crore in Patran Transmission Company

The company had in February signed a definitive agreement with Techno Electric to invest Rs 232 crore in PTCL.

Govt should take steps to encourage retail investments in InvITs: IndiGrid chief Pratik Agarwal

The CEO & MD of India's first infrastructure investment trust believes the present investment limit of a minimum of Rs 5 lakh has to be brought down to attract retail investors

IndiGrid completes acquisition of three Sterlite Power assets

The infrastructure investment Trust wants to build AUM of Rs 30,000 crore by 2022.

On track to achieve FY18 DPU guidance of Rs 11/unit: IndiGrid

IndiGrid has right of first offer (ROFO) on eight more assets belonging to sponsors, of which 3 assets have qualified to be dropped into the company, said Pratik Agarwal, CEO, India Grid Trust.

IndiGrid approves acquisition of 3 power transmission assets

These acquisitions result in a 40 per cent increase in assets under management, from Rs 3800 crore to Rs 5300 crore, IndiGrid said in a statement here.