IndiGrid draws up plan to buy solar assets worth up to Rs 5,000 crore
IndiGrid, India’s first power-sector infrastructure investment trust (InvIT), is looking to acquire operational solar assets as part of its diversification strategy, with an outlay of up to Rs 5,000 crore.
The move comes after completion of five years of profitable operation of the transmission assets-based InvIT. “IndiGrid now holds Rs 21,000 crore of assets that gives us the headroom to diversify into other assets,” said Harsh Shah, CEO. For the time being, IndiGrid would not venture into areas other than power transmission and solar projects, he added.
