Page 2 - Indigrid

Investment trust IndiGrid net profit in March qtr jumps 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues.

IndiGrid get Letter of Intent for transmission project in Maharashtra

Infrastructure investment trust IndiGrid has received Letter of Intent (LoI) from REC Power Development and Consultancy Ltd (REC) to establish a transmission system for evacuation of power from renewable energy projects in Osmanabad area in Maharashtra, a statement said. This project is envisaged on build, own, operate and maintain (BOOM) basis for a period of 35 years through tariff based competitive bidding (TBCB), the statement said. The project, with a planned outlay of Rs 170 crore, will consist of one substation of 2 x 500 MVA, 400/220 kV near Kallam and 10 Bays with a LILO multi circuit line of 18 kms. The project will strengthen the transmission system in Maharashtra by improving the grid availability for evacuation & integration of renewable energy in the state. The project is situated in a low-risk plain topography and is proposed to be completed over the next 15-18 months.

IndiGrid consortium lowest bidder for Rs 170 cr transmission project

A consortium of Infrastructure investment trust IndiGrid's arms has emerged as the lowest bidder for a power transmission project worth Rs 170 crore in tariff-based bidding

IndiGrid Q1 profit down 5% to Rs 81 crore; income rises to Rs 564 crore

Total income rose to Rs 564.99 crore in the quarter from Rs 367.45 crore in the same period a year ago

IndiGrid acquires 100 MW solar assets from FRV for Rs 660 crore

Infrastructure investment trust IndiGrid said it has completed the acquisition of entire stake in two solar energy assets from FRV at an enterprise value of Rs 660 crore

IndiGrid March-quarter net down 31% to Rs 69 crore due to acquisitions

Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions.

Betting on power: Insurers line up to invest in PGCIL and IndiGrid InvITs

The first power transmission InvIT of the country, IndiGrid, came out with a public issue of NCDs to raise up to Rs 1,000 crore last week

Power Grid launches PGInvIT, could offer 18 more assets in future

Sets price band at Rs 99-100 per unit for the public offer

IndiGrid to raise equity via rights issue, use funds for expansion

County's first listed infrastructure investment trust aims to acquire Rs 8,000 crore worth of assets: CEO

Infra investment trust IndiGrid plans to raise up to Rs 5,300 cr

A meeting of the board of directors of IndiGrid Investment Managers Ltd acting in the capacity of Investment Manager to IndiGrid was held on Tuesday

Stocks to watch: Aarti Drugs, Adani Ports, PVR, IndiGrid, Just Dial

Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal

IndiGrid to buy NER II Transmission from Sterlite Power for Rs 4,625 cr

Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission

IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra

India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom Reliance Infrastructure. "India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Reliance Infrastructure Ltd," a BSE filing said. The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added. According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash & cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in cash, deviation in outstandingdebt, tariff receivables, assets, liabilities outstanding. PKTCL was incorporated on September 2, 2002. PKTCLis joint venture between Reliance Infrastructure Limited (74%) and Power Grid Corporation of India Limited(26%). PKTCL operates 458 circuitkilometres

IndiGrid unitholders approve KKR as InvIT sponsor with special majority

The PE firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month

KPTL, JV partner complete 74% equity stake sale in JKTPL to IndiGrid

Kalpataru Power Transmission Ltd (KPTL) on Monday said the firm and its joint venture partner have completed 74 per cent equity stake sale in Jhajjar KT Transco Pvt Ltd (JKTPL) to IndiGrid. "We are pleased to inform you that the Parties have today completed the sale of first closing sale shares, which represents about 74 per cent of the total equity shares of the JKTPL after obtaining the requisite regulatory and other approvals and compliance with condition precedents," according to a BSE filing. KPTL has completed sale of about 37.78 per cent of equity shares (which includes 1.32 per cent equity shares held by KVPL and acquired by the Company), the filing added. Earlier in May this year, KPTL had announced that it would sell the joint venture at an enterprise value of Rs 310 crore. The KPTL held 49.72 per cent, Klassik Vinyl Products LLP (KVPL) held 1.32 per cent and Techno Electric & Engineering Company Ltd (Techno) held balance 48.96 per cent equity in JKTPL. The sale of ...

IndiGrid completes Rs 1,080 cr acquisition of GPTL Transmission project

India Grid Trust (IndiGrid) has completed the acquisition of another transmission asset Gurgaon Palwal Transmission Ltd (GPTL) from Sterlite Power at an enterprise value of Rs 1,080 crore.

Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore

Sterlite Power is the sponsor of IndiGrid, India's first power sector InvIT, which saw its initial offer in 2017

IndiGrid Q1 revenue jumps 78% to Rs 361 crore on steady performance

India Grid Trust (IndiGrid) on Thursday reported a consolidated revenue of Rs 361 crore for the April to June quarter, up 78 per cent year-on-year.The consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 329 crore, marking an increase of 74 per cent due to accretive acquisitions and steady operational performance.The board of investment manager for IndiGrid approved a distribution per unit (DPU) of Rs 3 for Q1 FY21 entirely payable as interest to unitholders.Including this 13th distribution, IndiGrid has delivered Rs 36.56 per unit since listing, marking a total return of 42 per cent as of July 31.The infrastructure investment trust said its management remains focused to maintain a strong balance sheet to successfully weather any near-term Covid-19 related uncertainty. The net debt/AUM stands at 50 per cent as of June 30, significantly below the 70 per cent cap as per SEBI InvIT regulations.The robust balance sheet provides ample headroom to ...

Another robust quarter from IndiGrid, Ebitda up 24% to Rs 1.5 bn in Q2

On a half-yearly basis, Revenue and EBITDA stood at Rs 3.25 billion and Rs 2.97 billion respectively for H1 FY19