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India Grid Trust signed a share purchase agreement on November 28, 2020 to acquire a 74% stake in Parbati Koldam Transmission Company from Reliance Infrastructure. The implied enterprise value for 100% equity is INR 900 crore.
India Grid Trust (IndiGrid) has completed the acquisition of Gurgaon Palwal Transmission Ltd (GPTL) from Sterlite Power at an enterprise value of Rs 1,080 crore. The asset includes three gas-insulated substations and 270 circuit km of transmission lines.
India Grid Trust (IndiGrid) has acquired East North Interconnection Company Limited (ENICL) from Sterlite Power for US$134 million. ENICL consists of two 400 KV transmission lines spanning 900 circuit kilometers across Assam, Bihar and West Bengal.