PowerGrid CMD sheds light on new InvIT, power sector business outlook

K Sreekant, CMD, PowerGrid Corporation talks about the new InvIT and of the overall state of the power sector. Edited excerpts:

The InvIT in terms of the fresh issue, the OFS, how much was raised? And how will the proceeds be utilised now?
K Sreekant: The PowerGrid InvIT is the first InvIT from a CPSU or any government entity. We have received overwhelming response from investors. We have raised Rs 7,735 crore from this offering.