IndiGrid Infrastructure Trust
168.78
INR
-0.13
(-0.08%)
ISIN
INE219X23014
Return %
Stock
S&P 500
1Y
-2.20
14.20
3Y
24.61
81.12
5Y
22.96
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Harsh Dinesh Shah
- Full Time Employees
- 570
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Unit No. 101, First Floor, Windsor, Village KoleKalyan, Santacruz (E) Mumbai MA India 400098
- IPO Date
- Jun 6, 2017
- Website
- indigrid.co.in
- Similar Companies
- Business
- IndiGrid Infrastructure Trust (NSE: INDIGRID, BSE: 540565) is India's first and largest publicly listed Infrastructure Investment Trust (InvIT) in the power sector, owning, operating, and managing a diversified portfolio of power transmission networks, renewable energy generation assets, and energy storage facilities that deliver reliable power across the country. The trust's core assets include 53 transmission lines spanning approximately 9,336 circuit kilometers, 16 substations with 25,050 MVA transformation capacity, 20 solar projects with around 1.1 GWp generation capacity, and battery energy storage systems (BESS) comprising 400 MWh under construction, distributed across 20 states and 2 union territories. Established on October 21, 2016, and registered with the Securities and Exchange Board of India (SEBI), IndiGrid is backed by KKR as sponsor and offers investors AAA-rated cash yields from long-term contracted revenues; it is headquartered in Mumbai, India. IndiGrid's portfolio spans operational transmission lines and substations acquired from sponsors like Sterlite Power and Techno Electric; solar generation assets including a 300 MW (AC) portfolio purchased from ReNew Solar Power; and emerging energy storage solutions such as the 20 MW/40 MWh BESS project won in 2023 and additional 430 MW/860 MWh greenfield BESS capacities secured in 2024. The trust targets stable, regulated cash flows from transmission service agreements typically lasting 25-35 years, serving utilities and power consumers nationwide through inter-state transmission system (ISTS) projects developed on build-own-operate-transfer (BOOT) or tariff-based competitive bidding (TBCB) models. In recent developments, IndiGrid acquired Virescent Renewable Energy Trust in 2023 at an enterprise valuation of INR 40 billion to bolster its renewable capabilities and raised INR 107.3 billion through a preferential institutional placement that year. The trust won three greenfield ISTS transmission projects (Ishanagar Power Transmission Limited, Dhule Power Transmission Limited, and Kallam Transco Limited) and two BESS projects in 2024 with a combined capex outlay of approximately INR 13.5 billion for transmission alone, alongside acquiring a 300 MW solar asset from ReNew for INR 15.5 billion. Further expanding its greenfield focus, IndiGrid signed definitive agreements in 2024 with British International Investment (BII) and Norfund to establish EnerGrid, a USD 300 million platform for transmission and BESS opportunities, and announced a INR 4,100 crore capex plan emphasizing under-construction transmission projects.