Launched India’s first Power Sector InvIT

Acquired 4 assets valued at INR 17 billion

• 3 assets acquired from Sterlite Power
• 1 asset acquired from Techno Electric

KKR and GIC acquired significant stakes in IndiGrid

• Raised INR 25.1 billion of primary capital through Preferential Issue allotment to KKR, GIC and other capital market investors
• Locked in assets worth INR 110 billion
• Acquired 2 assets valued at INR 51 billion

• Inducted KKR as a Sponsor
• Entered into a digital collaboration with IBM
• Announced 5 acquisitions worth INR 35 billion

• Acquired 2 assets worth INR 55 billion
• Entered into the largest transmission deal asset in India
• Raised equity worth INR 13 billion through a Rights Issue, first ever by an InvIT
• Raised debt worth INR 10 billion through Public NCD Issue, first ever by an InvIT

• Acquired 1 asset worth INR 2.5 billion
• Signed framework agreement with G R Infra for acquisition of an under-construction asset post commissioning
• Executed MoU with G R Infra to jointly bid for up to INR 50 billion worth of transmission projects

• Acquired 1 asset worth INR 15 billion from Sterlite Power under the Framework Agreement
• Acquired Virescent Renewable Energy Trust at an Enterprise Valuation of INR 40 billion
• Raised debt of INR 11.4 billion through a listed NCD issuance subscribed by International Finance Corporation (IFC)
• Won a Battery Energy Storage Project (BESS) project of 20MW/40MWh
• Raised equity of INR 107.3 billion through a preferential units institutional placement issuance

• Acquired a 300 MW (AC) solar asset from ReNew Solar Power Private Limited worth INR 15.5 billion (excluding working capital and cash).
• Won 3 greenfield ISTS projects, through the TBCB mechanism with an estimated capex outlay of ~INR 13.5 billion.
• Won 2 greenfield BESS projects, through the TBCB mechanism, for installation of 430 MW / 860 MWh of capacity.
• Raised equity of ~INR 695 crores through a preferential issuance.
• Signed definitive agreements with British International Investment (BII) and Norfund to set-up EnerGrid – a USD 300 million infrastructure development platform focused on the greenfield transmission and BESS opportunities in India.