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RInfra completes stake sale in PKTCL to India Grid for Rs 900 crore

Reliance Infrastructure on Saturday said it has completed the sale of its entire 74 per cent stake in PKTCL to India Grid Trust for Rs 900 crore. The proceeds will be utilised for debt reduction, and the company s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore. Reliance Infrastructure Limited (RInfra) announces the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 crore, the company said in a statement. RInfra owned 74 per cent stake in Parbati Koldam Transmission Company Limited located in Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL).

NHAI का FY2022 में 65,000 करोड़ रुपये जुटाने का लक्ष्य, गडकरी बोले- Highway Assets से 5 साल में 1 लाख करोड़ रुपए जुटाएगा NHAI NHAI to raise Rs 65,000 crore in FY2022, Gadkari said NHAI Plans to get Rs 1 lakh crore through asset monetization in 5 years

NHAI का FY2022 में 65,000 करोड़ रुपये जुटाने का लक्ष्य, गडकरी बोले- Highway Assets से 5 साल में 1 लाख करोड़ रुपए जुटाएगा NHAI NHAI to raise Rs 65,000 crore in FY2022, Gadkari said NHAI Plans to get Rs 1 lakh crore through asset monetization in 5 years
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

NHAI readies launch of first government-sponsored InvIT

“We are hoping that the InvIT should be operational by March end,” the official told ET, requesting not to be named. “There are five to six projects which are operational, and we have a good revenue stream, which will be transferred to the InvIT.”

KKR s India InvIT buys FRV Solar assets in AP

KKR s India InvIT buys FRV Solar assets in AP SECTIONS Share Synopsis India Grid Trust has signed a purchase agreement for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I & FRV India Solar Park II – from FRV Solar Holdings, company said on Saturday. Getty Images India Grid Trust is in advanced discussions to acquire India portfolio of Fotowatio Renewable Ventures (FRV), ET first reported in September. Mumbai: India Grid Trust (IndiGrid), the KKR-owned first Infrastructure Investment Trust (InvIT) in the Indian power sector, has acquired India portfolio of Fotowatio Renewable Ventures (FRV), the Madrid-based developer, in a deal worth Rs.660 crore.

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