POWER GRID TRUST

NIT Mizoram posted an 86.7% placement rate for 2023-2024, with the highest salary package at 14.5 LPA and an average over 7 LPA. Over 75 companies, including Adobe, Deloitte, Vedanta, and Mahindra & Mahindra, recruited students. Among the students, ...

The NSE Nifty index was trading 60.65 points up at 23383.6

Praveer Sinha discusses challenges in the power sector, emphasizing the upcoming reduction in power costs by 2027-2030. He underscores the crucial role of battery storage in the transition to clean energy for reliable 24x7 power availability. Sinha ...

IndiaGrid acquires a 300 MW solar project, expanding its portfolio to 36 power projects, 46 transmission lines, 13 substations, and 855 MWAC of solar generation capacity. The acquisition aims to make IndiaGrid a sustainable and superior risk-adjuste...

KKR first established its global infrastructure team and strategy in 2008 and the Firm manages approximately $56 billion in assets under management across more than 80 infrastructure investments and has a team of more than 90 dedicated infrastructur...

India Grid Trust is an infrastructure investment trust (InvIT). The transaction is expected to close following power purchase agreement conditions. ReNew has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in R...

Patchy electricity connection in India’s hinterlands remains a big obstacle for development. Solar’s ability to be successfully deployed in smaller sizes can change the energy landscape.

However, key benchmark indices Nifty50 and Sensex clocked a 20% rise in 2023, aided by steady domestic inflows, return of foreign inflows, strong domestic growth, steady earnings and an easing global interest rate outlook.

The Board of Directors of IndiGrid Investment Managers acting in the capacity of investment manager of IndiGrid, approved the issuance and allotment of 5.27 crore new units through the institutional placement to 11 eligible investors on December 8, ...

"Nifty has finally managed to touch the much-anticipated 20,000-mark in the second attempt after July 2023. Robust flows from local investors amid mixed/negative flows from foreigners have helped Nifty achieve this landmark

A strong demand outlook amid growing power consumption scenario along with robust chart structure puts the stock in an enviable position with a potential upside of up to 28% seen over the next 12 months.

"I am still looking at Paytm as the mover for the market. I think that should be looked at. I would like it to be a little cheaper. It has come down a little bit from Rs 800 plus. In the mid 700s, it was probably a good play. As I said, I am in and ...

Promoter company Housing Development Finance Corp (HDFC) has further bought 0.77% stake in its subsidiary HDFC Life through bulk deals on Wednesday.

Several Nifty stocks, including Britannia Industries, HCL Technologies, and Tata Consumer Products, have reached new 52-week highs, signaling robust growth and promising investment opportunities. Investors are closely watching Britannia Industries f...

Infrastructure Investment Trust (InvIT) IndiGrid, owned by KKR in the Indian power sector, has taken over Virescent Renewable Energy Trust, another fund floated by the same company. Valued at INR40bn ($533m), Sebi approval is being sought for the tr...

Infrastructure investment trust IndiGrid has signed a share purchase agreement for the acquisition of Virescent Renewable Energy Trust (VRET) at an enterprise value of up to INR40bn ($533m) in cash. IndiGrid executed the agreement to acquire 100% of...

India Grid Trust has announced that IFC (International Finance Corporation) has subscribed to a listed NCD (non-convertible debenture) issuance of IndiGrid, aggregating to Rs 1,140 crore, according to a statement.

"IndiGrid announces the completion of acquisition of 100 per cent shareholding and economic interest in Khargone Transmission Ltd (KTL) from SPTL," it said in a statement.

An agreement has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects aggregating to approximately Rs 5,000 crore, it stated.