The India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) has acquired three transmission assets worth Rs 14.1 billion from its sponsor, Sterlite Power Grid Ventures Limited (SPGV). The trust has acquired RAPP Transmission Company Limited, Purulia Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited from SPGV. With these acquisitions, IndiGrid now has assets worth Rs 53 billion under its management. IndiGrid has also agreed to invest Rs 2.3 billion in the Patran Transmission Company, a third-party asset owned by Techno Electric. The assets will increase the InvIT’s total transmission line portfolio from 1,900 ckt. km to 3,300 ckt. km across nine states.
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