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PGCIL sells residual stake in four entities to PGInvIT

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Power Grid Corporation of India Ltd (PGCIL) has sold its remaining 26% stake in four associate companies to Power Grid Infrastructure Investment Trust (PGInvIT) for Rs 5.07 billion.  The transfer, completed on December 30, 2024, aligns with share purchase agreements involving PGCIL, IDBI Trusteeship Services Ltd, PUTL (Powergrid Unchahar Transmission Ltd), and the concerned entities. The four companies and the consideration received from each are: Powergrid Kala Amb Transmission Ltd: Rs 430 million Powergrid Parli…

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Powergrid InvIT announces H1 FY2024-25 results

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Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders. The Trust also reported EBITDA of Rs 6,125.07 million and a margin of 93.41%. PGInvIT manages five transmission assets in…