IndiGrid to purchase ISTS project from ReNew for ₹372 crore

On Tuesday, IndiGrid, an Infrastructure Investment Trust (InvIT) in the electricity sector, announced the signing of final agreements to purchase Gadag Transmission, an Inter-State Transmission (ISTS) project located in Karnataka, for ₹372 crore, net working capital and cash adjustments excluded. Additionally, there will be an earn-out linked to change in legislation, availability, and bilateral billing-related … Read more