IndiGrid and G R Infra team up for Rs 50 bn power transmission bids

04 Mar 2024 CW Team

India Grid Trust (IndiGrid), the first listed power sector infrastructure investment trust (InvIT) in India, and G R Infraprojects (GRIL), a prominent player in the Infrastructure sector, have collaboratively decided to bid for identified power transmission projects valued at Rs 50 billion. According to a statement from IndiGrid, they have announced a strategic partnership in the Indian power transmission sector.

As per the agreement, they have signed to jointly bid for Tariff Based Competitive Bidding (TBCB) transmission projects, totalling approximately Rs 50 billion. The power ministry has recently revealed a plan for an investment of Rs 2.5 trillion to build transmission infrastructure, aligning with the goal of achieving 500 GW of renewable energy capacity by 2030 as part of their energy transition initiative.

The statement emphasised the significant opportunity for the private sector to participate in the energy transition journey, influencing the future of the power landscape and positively impacting lives across the country.

In the initiation of their partnership, IndiGrid and GRIL have entered into a framework agreement to acquire a 100% stake in Rajgarh Transmission, which GRIL had secured in March 2022. This project is integrated into the interstate transmission system (ISTS) and includes a 400/220kV substation at Rajgarh and a 400kV double circuit line in Madhya Pradesh.

The execution of the project will be handled by GRIL, leveraging its established capabilities in project execution. Following the commercial date of operation (COD), IndiGrid, with its operational and financial expertise, will take over the asset's operation and management from GRIL.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..