IndiGrid eyes power transmission assets worth Rs 8,000 cr

Armed with a fresh capital infusion, India Grid Trust (IndiGrid), an infrastructure investment trust is looking to buy power transmission assets worth around Rs 8,000 crore in 10 states.

This, the trust plans to buy in the next 2 years which, would include framework agreement assets, CEO Harsh Shah told BusinessLine. A framework agreement is an agreement between two parties that have not come to a final agreement on their relationship but have enough to move forward, with some details to be agreed in the future.

Infra needs

IndiGrid InvIT is backed by Sterlite Power Grid Ventures and was established in 2016 to own inter-state power transmission assets in India. “Right now, there are many transmission assets available as they have a debt overhang and the transmission infrastructure needs to keep up with the times,” Shah said.