IndiGrid to acquire Rs 115 billion transmission assets from Sterlite Power

16 May 2019 CW Staff

The infrastructure investment trust (InvIT), India Grid Trust (IndiGrid) will be reportedly acquiring five electricity transmission assets worth Rs 115 billion from Sterlite Power.

The news comes after KKR and GIC announced fund infusion into IndiGrid. Reportedly, as a part of the deal KKR and GIC have invested Rs 10.84 billion and Rs 9.8 billion, respectively, to collectively acquire 42 per cent of IndiGrid’s outstanding units.

Backed by Sterlite Power Grid Ventures, IndiGrid was established in 2016 in order to own inter-state power transmission assets in India. It is expected to issue preference shares worth Rs 25.14 billion to acquire the power transmission assets from Sterlite.

This further marks KKR’s first infrastructure investment in Asia Pacific. With this deal, KKR has reportedly applied to become a sponsor of IndiGrid and is in plans to acquire an additional 15 per cent of IndiGrid’s total units from Sterlite Power. However, post transaction closure, KKR and GIC are expected to own nearly 57 per cent of IndiGrid’s outstanding units.

The new capital investment is expected to help IndiGrid achieve the goal of Rs 170 billion of assets under management. Furthermore, reports suggest that it also plans to achieve Rs 300 billion of assets under management (AUM) by 2022.

In a separate transaction, KKR will reportedly acquire a majority shareholding in Sterlite Investment Managers, the investment manager owned by Sterlite Power. However, Sterlite Power will remain a sponsor and Project Manager of IndiGrid.

Infrastructure Urban

14 Jan 2026

PM Modi Engages Youth at Viksit Bharat Young Leaders Dialogue 2026

Prime Minister Narendra Modi addressed the concluding session of the second edition of the Viksit Bharat Young Leaders Dialogue (VBYLD) 2026 at Bharat Mandapam, New Delhi, marking the culmination of the four-day event on National Youth Day. The programme coincided with the birth anniversary of Swami Vivekananda and witnessed enthusiastic participation from young leaders across the country.Interacting with the youth, the Prime Minister said that many participants were not yet born when he first took oath as Chief Minister, and were still children when he assumed office as Prime Minister in 2014..

India’s Skilling System Shifts to Unified, Outcome-Led Framework

Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education Jayant Chaudhary chaired the first General Body Meeting of the National Council for Vocational Education and Training (NCVET) at Kaushal Bhawan, New Delhi. Addressing the meeting, the Minister said that India’s skilling ecosystem is undergoing a paradigm shift from fragmented systems to a unified, outcome-oriented framework aligned with education, industry and future technologies, with NCVET playing a central role in making the transition credible, transparent and learn..

25th All India Major Port Cultural Meet Concludes at Paradip

The 25th All India Major Port Cultural Meet 2025–26 concluded on a grand note on January 11 at Jayadev Sadan, Paradip Port, after four days of vibrant cultural performances and artistic celebrations. The event was organised by the Paradip Port Authority (PPA) in association with the Major Ports Sports Control Board and brought together cultural talent from major ports across the country.The valedictory ceremony was graced by P L Haranadh, Chairman, Paradip Port Authority, as the Chief Guest. Addressing the gathering, Shri Haranadh congratulated all participating artistes for their captivatin..