IndiGrid To Acquire Gadag Transmission For Rs 3.72bn

09 Dec 2025 CW Team

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.

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..