IndiGrid Q3 FY25 Revenue Steady at Rs 7.7 Bn Profit Falls 37%

28 Jan 2025 CW Team

India Grid Trust (IndiGrid), a power infrastructure investment trust, announced a consolidated revenue of Rs 7.72 billion in the third quarter (Q3) of the financial year (FY) 2025. This reflected a 2.4 per cent year-over-year (Y-o-Y) growth compared to Rs 7.54 billion during the same period last year.

The company reported a 2 per cent Y-o-Y increase in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), which rose from Rs 6.81 billion to Rs 6.94 billion.

However, the profit for the quarter stood at Rs 578.04 million, registering a 37 per cent Y-o-Y decline from Rs 919.21 million. The decrease was attributed to higher financing costs and tax expenses.

IndiGrid manages 41 power projects, including 49 transmission lines spanning over ~8,700 circuit kilometers, 15 substations with ~22,550 MVA transformation capacity, ~855 MW of solar generation capacity, and 450 MW/900 MWh of battery energy storage systems. Its operational efficiency is reflected in a 98.55 per cent transmission availability rate.

In the first nine months of FY25, IndiGrid reported a consolidated revenue of Rs 24.13 billion, marking a 16 per cent Y-o-Y increase from Rs 20.78 billion.

The company’s EBITDA for this period rose by 21 per cent Y-o-Y, increasing from Rs 18.06 billion to Rs 21.94 billion. News source: Mercom India

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..