IndiGrid completes Gujarat BESS acquisition for Rs 573 crore
IndiGrid Infrastructure Trust has completed the acquisition of Gujarat Battery Energy Storage System (BESS) Private Limited from British International Investment PLC (BII) and Norfund, which invested through its vehicle KNI India AS. The transaction was executed at an enterprise value of approximately Rs 573 crore, subject to closing adjustments under the definitive agreements. The project operates under a Build Own Operate (BOO) model and is expected to generate annual revenue of over Rs 97 crore….
