India Grid Trust completes acquisition of NER-II Transmission from Sterlite Power
India Grid Trust today completed the largest transmission project deal by acquiring NER-II Transmission (NER-II) from Sterlite Power at an enterprise value of ~Rs 4,625 crore.
With this acquisition, IndiGrid's AUM has increased by ~34% to ~Rs 20,000 crore (USD 2.70 Bn). The platform's asset portfolio now consists of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending over ~7,570 circuit kilometers & ~13,350 MVA in 17 Indian states and 1 Union Territory.
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First Published: Mar 26 2021 | 4:27 PM IST