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IndiGrid has completed the acquisition of three transmission assets from Sterlite Power Grid Ventures for Rs 14.10 billion and signed agreements to invest in Patran Transmission Company for Rs 2.32 billion, marking the first third-party acquisition by an InvIT.
IndiGrid approved the acquisition of three power transmission assets from Sterlite Power Grid Ventures Ltd for INR 14.9 billion, increasing its AUM by 40%.
Siemens Ltd received an order worth approximately Rs. 119 crores from Sterlite Power Grid Ventures Ltd for design, engineering, procurement, manufacture, supply and commissioning of 765/400kV Air Insulated Switchgear Substation equipment at Khandwa and 765kV Bay Extension equipment at Dhule.