In Short : IndiGrid has signed an agreement with Techno Electric & Engineering Company Ltd (TEECL) for a ₹460 crore transmission project in Northeast India. The project aims to strengthen regional grid infrastructure and support growing power demand. IndiGrid’s partnership with TEECL highlights its focus on expanding transmission capacity and enhancing reliable energy access in […]
IndiGrid to Expand Green Energy Portfolio with ₹21 Billion ReNew Asset Acquisition – EQ
In Short : IndiGrid is set to acquire transmission and solar assets from ReNew for ₹21 billion, expanding its clean energy portfolio. The acquisition will be financed through ₹4,200 crore raised via AAA-rated non-convertible debentures. This move aligns with IndiGrid’s strategy to grow its asset base, refinance existing debt, and invest in under-construction and augmentation […]
IndiGrid Profit Doubles to Rs 116.9 Cr in Q4 – EQ
In Short : IndiGrid’s Q4 FY2025 net profit doubled to ₹116.9 crore from ₹58.4 crore, with revenue rising to ₹920.3 crore. The quarter saw commissioning of a 20 MW Kilokari Battery Energy Storage System, boosting grid stability. IndiGrid aims to double assets to ₹60,000 crore by 2030, focusing on transmission and renewable energy, while increasing […]
IndiGrid Aims to Double Assets to ₹60,000 Crore by 2030, Focusing on Transmission and Renewable Energy – EQ
In Short : KKR-backed IndiGrid plans to double its assets to ₹60,000 crore by 2030, focusing on transmission, solar energy, and battery storage. The company aims for 25-30% of its portfolio to consist of renewable energy assets. To finance growth, IndiGrid will maintain a balanced capital structure with a debt-to-assets cap of 70%, targeting significant […]
IndiGrid Energizes Delhi with India’s First Utility-Scale BESS for Power Distribution – EQ
In Short : IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) for a DISCOM in Delhi. The 20 MW/40 MWh Kilokari project, developed with Amperehour Solar and GEAPP, boosts grid stability and lowers peak demand costs. Approved at a competitive tariff, it marks a major step in India’s energy storage […]
IndiGrid Partners with BII, Norfund, and Techno Electric for Indian Transmission Projects – EQ
In Short : IndiGrid has partnered with British International Investment (BII), Norfund, and Techno Electric to develop transmission projects in India. This collaboration aims to strengthen the country’s power infrastructure, focusing on enhancing the transmission network to support the growing demand for renewable energy. The partnership is set to play a significant role in India’s […]
IndiGrid partners Norwegian Climate Investment Fund, others to develop transmission projects in India – EQ
In Short : IndiGrid has partnered with the Norwegian Climate Investment Fund and other investors to develop transmission projects across India. This collaboration aims to bolster India’s power transmission infrastructure, ensuring efficient delivery of renewable energy. The partnership reflects a shared commitment to advancing sustainable energy solutions and supporting India’s clean energy transition. In Detail […]
IndiGrid Reports Robust Q4 FY24 Results with 31% Revenue Growth and Key Strategic Wins – EQ
Q4 FY24 Revenue and EBITDA grew by 31% and 24% respectively on a y-o-y basis. NDCF saw y-o-y increase of 30%. IndiGrid’s first greenfield project, Kallam Transmission Limited, operationalized. Won a TBCB transmission project with an outlay of ~₹ 1,350 million. Won a 180 MW / 360 MWh BESS project in Gujarat awarded by GUVNL […]
IndiGrid operationalises greenfield transmission project at Beed, in Maharashtra – EQ
In Short : IndiGrid has successfully commenced operations of its new greenfield transmission project located in Beed, Maharashtra, further enhancing the region’s power infrastructure and supporting the reliable transmission of electricity. In Detail : IndiGrid, India’s first and largest listed power sector infrastructure investment trust (InvIT), has announced that it has operationalised its first greenfield […]
IndiGrid to build 180 MW battery storage system in Gujarat – EQ
In Short : IndiGrid plans to construct a 180 MW battery storage system in Gujarat, enhancing the region’s energy storage capacity and facilitating the integration of renewable energy sources into the grid. In Detail : The letter of intent (LoI) for the project has been awarded by Gujarat Urja Vikas Nigam Limited (GUVNL), the InvIT […]