India Grid Trust (IndiGrid), India’s first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Limited (GRIL), one of India’s leading players in Infrastructure sector, have announced a strategic partnership in the Indian Power Transmission sector. A MoU has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects…
IndiGrid, India’s first power sector Infrastructure Investment Trust, announced the appointments of Jayashree Vaidhyanathan as an Independent Director and Hardik Shah as Non-executive Director to the Board, effective November 30, 2021. Vaidhyanathan has decades of experience in driving product strategy in the Digital Transformation space, product innovation, risk management, M&A, technology delivery and execution. She…
India Grid Trust (IndiGrid), India’s first power infrastructure investment trust (InvIT), announced the completion of acquisition of 100% stake in two solar assets with cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of ~INR 6.6 Bn. “With this acquisition, our asset portfolio will now consist of 14 diversified…
Reliance Infrastructure Limited has announced the completion of sale of its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs.900 crore. RInfra owns 74% in Parbati Koldam Transmission Company Limited (PKTCL) located in the state of Himachal Pradesh and Punjab in joint…