+
IndiGrid To Acquire Gadag Transmission For Rs 3.72bn
POWER & RENEWABLE ENERGY

IndiGrid To Acquire Gadag Transmission For Rs 3.72bn

The project is currently owned by ReNew Transmission Ventures Private Ltd (RTVPL) with a 51 per cent stake and KNI India AS with 49 per cent—KNI being a joint venture between Norfund and KLP. Following completion, IndiGrid will assume full ownership and management control in line with the definitive and concession agreements, including lock-in provisions.

Managing Director Harsh Shah said the acquisition aligns with IndiGrid’s strategy to operate critical grid assets supporting India’s clean-energy transition. “Gadag Transmission plays a pivotal role in evacuating renewable energy from one of the country’s largest solar zones,” he said.

The acquisition will be financed through equity, internal accruals and debt. Post-transaction, IndiGrid’s net debt-to-AUM ratio will stand at 60.5 per cent, providing capacity for future expansion. Shares of IndiGrid Infrastructure Trust closed at Rs 168.50, up Rs 0.05 or 0.03 per cent.

The project is currently owned by ReNew Transmission Ventures Private Ltd (RTVPL) with a 51 per cent stake and KNI India AS with 49 per cent—KNI being a joint venture between Norfund and KLP. Following completion, IndiGrid will assume full ownership and management control in line with the definitive and concession agreements, including lock-in provisions. Managing Director Harsh Shah said the acquisition aligns with IndiGrid’s strategy to operate critical grid assets supporting India’s clean-energy transition. “Gadag Transmission plays a pivotal role in evacuating renewable energy from one of the country’s largest solar zones,” he said. The acquisition will be financed through equity, internal accruals and debt. Post-transaction, IndiGrid’s net debt-to-AUM ratio will stand at 60.5 per cent, providing capacity for future expansion. Shares of IndiGrid Infrastructure Trust closed at Rs 168.50, up Rs 0.05 or 0.03 per cent.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code