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 […]
IndiGrid secures major transmission projects, set to invest over Rs 1,000 crore – EQ
In Short : IndiGrid, a leading infrastructure investment trust, has secured major transmission projects and is poised to invest over Rs 1,000 crore. This significant investment reflects IndiGrid’s commitment to expanding and strengthening India’s power transmission infrastructure, contributing to the nation’s energy resilience and sustainability. In Detail : Infrastructure investment trust India Grid has bagged […]
IndiGrid Q2 net profit falls 69 pc to Rs 39 crore – EQ
In Short : In the second quarter, IndiGrid, a leading infrastructure investment trust (InvIT) in India’s power sector, reported a net profit of Rs 39 crore, marking a 69% decrease compared to the previous year. This decline is attributed to various factors, including market dynamics, operational costs, and regulatory changes within the energy sector. In […]
IndiGrid net profit rises 37 pc to Rs 137 crore in Jan-March quarter – EQ Mag
Infrastructure investment trust India Grid Trust posted a 37.4% rise in its consolidated net profit to Rs 137.12 crore in Jan-Mar 2023 quarter compared to a year ago, on the back of higher revenues Infrastructure investment trust India Grid Trust on Friday posted a 37.4 per cent rise in its consolidated net profit to Rs […]
IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 cr – EQ Mag
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. Infrastructure investment trust India Grid Trust (IndiGrid) on Friday said it has signed a share purchase agreement for […]
IndiGrid raises Rs 1,140 crore via long term bonds from IFC – EQ Mag
India Grid Trust has announced that IFC (International Finance Corporation) has subscribed to a listed NCD (non-convertible debenture) issuance of IndiGrid, aggregating to Rs 1,140 crore, according to a statement. India Grid Trust on Thursday said it has raised Rs 1,140 crore through long-term non-convertible debentures from International Finance Corporation. India Grid Trust (IndiGrid) is […]