Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) structures are expected to see a healthy traction in the near to medium term, supported by the track record of entities
A proposal to bifurcate state-owned gas utility GAIL (India) Ltd has been scrapped for now, and instead the company will monetise some of its pipelines by selling a minority stake through InvIT.
GAIL Chairman and Managing Director Manoj Jain said the company has sent a plan for monetising two of its pipelines to the Ministry of Petroleum and Natural Gas and an Infrastructure Investment Trust (InvIT) is possible within the current fiscal if approvals come soon.
GAIL is India s biggest natural gas marketing and trading firm and owns nearly three-fourths of the country s 17,126-km gas pipeline network, giving it a stranglehold on the market.
Read more about GAIL proposes two pipelines to be monetised via InvIT, awaits Centre s nod on Business Standard. Company says it incurred a capex of Rs 5,000 crore on these two pipelines, silent on project names
Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions. The consolidated net profit of the India Grid Trust (IndiGrid) was Rs 99.67 crore in the corresponding period of the previous year, it said in a BSE filing. The PAT (profit after tax) is lower because of one-time expenditure for BDTCL (Bhopal Dhule Transmission Company Ltd). Interest cost is higher because of recent acquisitions of over Rs 5,000 crore in Q4 (January-March), a company official said. Total income rose to Rs 514.09 crore in the quarter from Rs 335.32 crore in the same period a year ago.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.