The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid’s asset under management (AUM) by 34 per cent to over Rs 20,000 crore (USD 2.8 billion). New Delhi: Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for […]
Reliance Infrastructure completes stake sales of entire shareholding in PKTCL to IndiGrid
RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL). Mumbai: Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company […]
IndiGrid will add solar projects worth Rs 4,000 crore to its portfolio, says CEO Harsh Shah
IndiGrid announced the acquisition of solar assets from Spain-based Fotowatio Renewable Ventures (FRV) for close to Rs 700 crore as it looks to foray into the renewable energy space from the power transmission business. In conversation with CNBC-TV18, CEO Harsh Shah said that today IndiGrid’s portfolio is about Rs 14,000 crore in size and the […]
IndiGrid ties up with IBM for digital transformation of critical power infrastructure
New Delhi: Infrastructure Investment trust IndiGrid on Thursday announced a multi-year collaboration agreement with IBM to build an artificial intelligence (AI)-enabled asset management platform. The IBM Maximo Application Suite will allow IndiGrid to become future-ready by improving the overall health of its assets and maximise the full potential of their operating life, while adhering to […]
IndiGrid Q4 results: 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. Mumbai: IndiGrid, the country’s first InvIT in the power sector, on Wednesday reported an over two-fold increase in consolidated net profit for the March quarter at Rs 99.7 crore on the back of higher revenues. The company, which had […]
IndiGrid completes acquisition of ENICL from Sterlite Power
With the acquisition of East North Interconnection (ENICL) from Sterlite Power, IndiGrid’s assets under management (AUM) will increase by 10 per cent to USD 1.6 billion, the company said in a statement. The acquisition has been funded by internal accruals, proceeds from the preference issue done in May last year and new debt, the company […]