State-run NHPC Ltd, India’s largest hydro power producer, plans to leverage infrastructure investment trusts or InvITs to monetize 10 of its 22 projects, according to three people aware of the development.
The move is in line with stepped up efforts of state-run public sector units (PSUs) to generate resources for India’s ambitious infrastructure plans, which include tapping the InvIT route.
InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects.
Union finance minister Nirmala Sitharaman had in her maiden budget increased the divestment target from ₹90,000 crore to ₹1.05 trillion for the current fiscal year Read More
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