India Grid Trust acquires 74% stake in Jhajjar KT Transco
The acquisition of aforesaid power transmission asset is in line with the IndiGrid investment strategy as provided in the Trust Deed with a focus to ensure stable distribution to unitholders by owning assets with long term contracts.
JKTPL being a Power Transmission Company, the approval from Haryana Vidyut Prasaran Nigam(HVPNL) has been obtained for the aforesaid acquisition.
JKTPL was incorporated on May 19, 2010 and entered into a TSA with HVPNL in the same month. JKTPL operates two EHV overhead transmission lines of ~103 kms and two substations comprising of 2x315 MVA + 2x100 MVA transformation capacity in the state of Haryana, India. The Asset was fully commissioned in March, 2012. During the FY 2019-20, JKPTL had a total Revenue of ~Rs. 39 Crores
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