{"id":407449,"date":"2021-03-27T09:14:36","date_gmt":"2021-03-27T03:44:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407449"},"modified":"2021-03-27T09:49:33","modified_gmt":"2021-03-27T04:19:33","slug":"indigrid-acquires-ner-ii-transmission-for-rs-4625-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-acquires-ner-ii-transmission-for-rs-4625-crore\/","title":{"rendered":"IndiGrid acquires NER-II Transmission for Rs 4,625 crore"},"content":{"rendered":"<p>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&#8217;s first and the largest power sector Infrastructure Investment Trust (InvIT).<\/p>\n<p>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.<\/p>\n<p>With this acquisition, IndiGrid&#8217;s AUM (Asset Under Management) has increased 34 per cent to Rs 20,000 crore.<\/p>\n<p>The platform&#8217;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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&#8217;s AUM (Asset Under Management) has increased 34 per cent to Rs 20,000 crore. The platform&#8217;s asset portfolio now consists of 13 power transmission projects, with a total network of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-407449","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407449"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407449\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}