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Power Grid Corporation Takes Over Two New Transmission SPVs

The state-run firm had won Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd in competitive bidding conducted by REC Power Distribution Company Ltd. Power Grid is the first state-owned company to offer an infrastructure investment trust (InvIT) as part of the government’s brownfield asset monetization strategy. New Delhi: State-run Power Grid Corporation of India […]

TII to form subsidiary to increase focus on clean mobility – EQ Mag Pro

Why A Renewables InvIT Is Critical For Tata Power’s Plan To Pare Debt

As shares of Tata Power Company Ltd. rose, tracking the equity rebound from pandemic-driven lows, investors also bet on the company’s plan to pare debt. But one key milestone for the planned deleveraging has missed the deadline. The power generator planned to hive off its renewables portfolio into an infrastructure investment trust. The InvIT transaction […]

India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions – EQ Mag Pro

Virescent Infrastructure assigned provisional ‘AAA’ rating by CRISIL for its proposed invIT

– CRISIL has assigned a provisional ‘AAA/Stable’ rating for the bank loan facilities of Virescent Renewable Energy Trust (VRET) – VRET is India’s first renewable energy InvIT proposed to be launched by Virescent Infrastructure, a renewable energy platform in India backed by KKR – Virescent’s VRET aims to achieve approximately 1.5 GW of assets in the next 2-3 years National: […]

India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions – EQ Mag Pro

GAIL plans to launch pipeline InvIT before company’s split

The nation’s top gas marketing and transportation firm plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT) NEW DELHI: State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business […]

India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions – EQ Mag Pro

InvITs to acquire over Rs 4 trillion of infra assets in five years: Icra

At present, there are six InvITs which have raised over Rs 27,600 crore from investors, while a seventh entity is in advanced stage of raising Rs 25,200 crore, Icra said Infrastructure Investment Trusts (InvITs) are likely to acquire infrastructure assets worth over Rs 4 lakh crore in the next five years as the market matures, […]

Eversola completes 8MW EPC project for Chn Energy – EQ Mag Pro

Tata Power sizzles on plan to create InvIT for renewables biz

Tata Power rose 2.93% to Rs 54.45 after the company said it has made an application to Sebi for an in-principle approval for creation of the Infrastructure Investment Trust (InvIT). As part of its growth strategy, Tata Power has taken several steps to deleverage the balance sheet and improve the capital structure including creation of […]

India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions – EQ Mag Pro

India Inc takes InvIT, REIT route to raise funds in sinking market

Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT At a time when stock markets are in a tizzy around the world, the Indian corporates are actively raising capital through infrastructure investment trusts (InvITs) […]

Eversola completes 8MW EPC project for Chn Energy – EQ Mag Pro