+
IndiGrid to acquire RSTCPL for Rs 250 cr
POWER & RENEWABLE ENERGY

IndiGrid to acquire RSTCPL for Rs 250 cr

IndiGrid, a power sector infrastructure investment trust, has signed a share purchase agreement for the acquisition of a 100% stake in Raichur Sholapur Transmission Company (RSTCPL) for over Rs 250 crore.

IndiGrid has acquired the shares from Patel Engineering, Simplex Infrastructures and BS Limited, each owning a 33.33% stake, respectively.

The completion of the acquisition would depend upon receipt of relevant approvals and completion of contractual obligations.

“As a low-risk operational transmission asset with long-term contracted cash flows and minimal counterparty risk, this acquisition fits in well with IndiGrid’s growth strategy," said Jyoti Kumar Agarwal, CEO, IndiGrid, adding that the acquisition would be a distribution point unit (DPU) accretive and will provide further visibility to sustain the increased DPU of Rs 3.30 for a longer period of time.

IndiGrid has assets under management of over Rs 210 billion and owns 14 operating power projects, consisting of 40 transmission lines with more than 7,570 km length, 11 substations, one project under construction and 100 MW (AC) of solar generation capacity.

IndiGrid, a power sector infrastructure investment trust, has signed a share purchase agreement for the acquisition of a 100% stake in Raichur Sholapur Transmission Company (RSTCPL) for over Rs 250 crore. IndiGrid has acquired the shares from Patel Engineering, Simplex Infrastructures and BS Limited, each owning a 33.33% stake, respectively. The completion of the acquisition would depend upon receipt of relevant approvals and completion of contractual obligations. “As a low-risk operational transmission asset with long-term contracted cash flows and minimal counterparty risk, this acquisition fits in well with IndiGrid’s growth strategy, said Jyoti Kumar Agarwal, CEO, IndiGrid, adding that the acquisition would be a distribution point unit (DPU) accretive and will provide further visibility to sustain the increased DPU of Rs 3.30 for a longer period of time. IndiGrid has assets under management of over Rs 210 billion and owns 14 operating power projects, consisting of 40 transmission lines with more than 7,570 km length, 11 substations, one project under construction and 100 MW (AC) of solar generation capacity.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?