IndiGrid Infrastructure Trust, formerly known as India Grid Trust is an irrevocable trust settled by Sterlite Power Transmission Limited (erstwhile sponsor) on October 21, 2016 pursuant to the Trust Deed under the Indian Trusts Act, 1882 and registered with Securities Exchange Board of India under the SEBI (Infrastructure Investment Trust) Regulations, 2014 on November 28, 2016. The Trustee of IndiGrid is Axis Trustee Services Limited. The Investment Manager for IndiGrid is Indigrid Investment Managers Limited. With effect from September 20, 2020, Esoteric II Pte. Limited has been nominated as Sponsor of the Trust and with effect from July 06, 2023, Sterlite Power Transmission Limited has been declassified as the sponsor of the Trust.
The objectives of IndiGrid are to undertake activities as an infrastructure investment trust in accordance with the InvIT Regulations and the Trust Deed. The principal activity of IndiGrid is to own and invest in power transmission assets in India with the objective of producing stable and sustainable distributions to Unitholders. As at March 31, 2026, IndiGrid has special purpose vehicles (SPVs) which are into power transmission with storage and generation of electricity through Solar projects.
India Grid Trust is India's first infrastructure investment trust (InvIT) in the power sector. It owns 41 power projects, consisting of 49 transmission lines with more than ~9060 ckms length, 15 substations with ~22,550 MVA transformation capacity, ... ~855 MWAC (~1.1 GWp) of solar generation capacity, and 450 MW / 900 MWh of Battery Energy Storage Systems. IndiGrid has assets under management (AUM) of over ~Rs 296 billion (~USD 3.5 billion). The investment manager of IndiGrid is wholly owned by KKR.
It was created to acquire operating power transmission assets and got listed on the Indian stock exchanges on 6 June, 2017.
SIML through its letter dated October 26, 2017 informed to the stock exchanges that the Board of Directors of Investment Manager has approved issuance 1,35,99,200 units by India Grid Trust to the Project Manager and considered October 26, 2017 as relevant date.
Further, the Board of Directors of SIML acting in the capacity of Investment Manager of IndiGrid, considered the certificate issued by Statutory Auditors thereby confirming the issue price of INR 100 per unit calculated as per Regulation 76 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the 'ICDR Regulations') as on the relevant date viz. October 26, 2017 and has allotted 1,35,99,200 units to the Project Manager in another Board Meeting held after obtaining aforesaid certificate on October 26, 2017.
The Trust launched India's first power sector InvIT in 2017. IndiGrid is sponsored by Sterlite Power Grid Ventures Limited ('Sponsor'), one of India's leading private power transmission companies with proven credentials in bidding, designing, financing, constructing and maintaining assets across multiple geographies. The Sponsor has played and continues to play a critical role in nurturing IndiGrid to fulfill its aspiration of becoming the most admired yield vehicle in Asia.
During the year ended March 31, 2018, IndiGrid has acquired the following projects from the Sponsor which are transmission infrastructure projects developed on Build Own Operate and Maintain ('BOOM') basis: 1. Bhopal Dhule Transmission Limited 2. Jabalpur Transmission Company Limited 3. RAPP Transmission Company Limited 4. Purulia & Kharagpur Transmission Company Limited 5. Maheshwaram Transmission Limited.
These SPVs have executed Transmission Services Agreements ('TSAs') with Long term transmission customers under which the SPVs have to maintain the transmission infrastructure for 35 years post commissioning.
The trust raised Rs 25.1 Billion in May 2019 through Preferential Issue of which KKR & GIC subscribed Rs 20.6 Billion.
During the FY2019,the trust signed definitive agreements to acquire Rs 115 Billion worth transmission assets from Sterlite Power.
During the year ended March 31, 2020, the Trust raised Rs 25,140.48 million of primary capital through a qualified institutional placement of units. The Trust issued and allotted 299,683,881 units at a price of Rs 83.89 per unit as per the placement agreement dated 04 May 2019.
During the year 2019-20, the trust completed three acquisitions with assets worth more than Rs 60 billion. While NRSS XXIX Transmission Ltd (NTL) and Odisha Generation Phase II Transmission Ltd (OGPTL) were acquired in H1 of the financial year. The Trust further acquired the ninth transmission asset from Sterlite Power in H2 of the financial year, as it acquired the East North Inter connection Company Limited (ENICL) at an enterprise value of INR 10.2 billion.
KKR and GIC acquired significant stakes in IndiGrid during the year 2019 and KKR was inducted as a Sponsor in 2020. In January, 2020, the Trust acquired framework asset i.e. GPTL for ~INR 10.8 billion. It announced 5 acquisitions worth INR 35 billion in 2020.
In December 2021, the Trust entered into greenfield transmission project with the acquisition of 100% stake in Kallam Transmission Ltd from REC Power with a planned outlay of INR 170 Crores.
In 2021, the Trust acquired 2 assets worth INR 55 billion, acquired 1 asset worth INR 2.5 billion in 2022; executed MoU with G R Infra to jointly bid for up to INR 50 billion worth of transmission projects in 2022 and signed framework agreement with G R Infra for acquisition of an under-construction asset post commissioning of the project. The Company acquired 100% stake in two solar assets with
cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of~INR 6.6 Billion.
In 2023, the Trust acquired 1 asset worth INR 15 billion from Sterlite Power Transmission Limited -Khargone Transmission Limited (KhTLunder the Framework Agreement, acquired Virescent Renewable Energy Trust at an Enterprise Valuation of INR 40 billion; acquired Battery Energy Storage Project (BESS) project of 20MW/40MWh.
In 2024, the Trust acquired 300 MW (AC) solar asset from ReNew Solar Power Private Limited worth Rs 15.5 billion. It won 3 greenfield ISTS projects, through the TBCB mechanism with an estimated capex outlay of ~INR 13.5 billion. Further, it has won 2 greenfield BESS projects, for installation of 430 MW / 860 MWh of capacity.
Trust acquired Koppal Narendra Transmission Limited (KNTL), on June 24, 2025. Further, IndiGrid was included in the FTSE EM/APAC All Cap Index and FTSE INDIA All Cap Index in FY26. The Trust expanded the operating portfolio through the acquisition of Koppal Narendra Transmission Limited (KNTL), ReNew Surya Aayan Private Limited (RSAPL) and Gadag Transmission Limited (GTL). Trust launched EnerGrid project in transmission and BESS.
FAQs on IndiGrid Infrastructure Trust
1. Can I buy IndiGrid Infrastructure Trust from PL Capital? ›
Yes, you can invest in IndiGrid Infrastructure Trust shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track IndiGrid Infrastructure Trust stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade IndiGrid Infrastructure Trust as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does IndiGrid Infrastructure Trust pay dividends? ›
Yes, IndiGrid Infrastructure Trust has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding IndiGrid Infrastructure Trust shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of IndiGrid Infrastructure Trust ? ›
As of
01-Jan-1980 , 00:00:00 the share price for IndiGrid Infrastructure Trust. is ₹ 179.27 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of IndiGrid Infrastructure Trust ? ›
The 52-week high and low of IndiGrid Infrastructure Trust share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
