Sterlite Power’s Infra Investment Trust Eyeing Third-party Transmission Assets


Sterlite Power’s Infra Investment Trust Eyeing Third-party Transmission Assets

India Grid Trust (IndiGrid), the infrastructure investment trust (InvIT) promoted by one of the largest players in India’s power transmission sector, Sterlite Power, is scouting for power transmission assets available in the market for sale as it aims to grow its portfolio, Harsh Shah, CEO of India Grid Trust told BusinessLine.

“We keep looking at third-party assets from the market as well as from Sterlite Power as it has two or three operational projects for which we have the right of first offer,” he said.

Earlier this year, IndiGrid had signed a deal with Techno Electric & Engineering Company for acquisition of a 46 per cent stake in Patran Transmission for ₹232 crore. The deal marked a first third-party acquisition done by an InvIT in the country. Read more

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