IndiGrid acquires NER-II Transmission for Rs 4,625 crore
IndiGrid on Friday said it has completed the acquisition of NER-II Transmission Ltd from Sterlite Power at an enterprise value of Rs 4,625 crore. India Grid Trust (IndiGrid) is the country’s first and the largest power sector Infrastructure Investment Trust (InvIT).
IndiGrid completed the largest transmission project deal by acquiring NER-II Transmission Ltd at an enterprise value of Rs 4,625 crore, the company said in a statement.
With this acquisition, IndiGrid’s AUM (Asset Under Management) has increased 34 per cent to Rs 20,000 crore.
The platform’s asset portfolio now consists of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending over 7,570 circuit kilometres and 13,350 MVA (MegaVolt Amperes) in 17 states and one Union Territory.
