We are India’s first listed power sector infrastructure investment trust, sponsored by KKR and Sterlite Power. IndiGrid was established on October 21, 2016 and is registered with SEBI pursuant to the InvIT Regulations.
IndiGrid was established to own and operate power transmission and renewable energy assets in India. We own 13 operating projects, consisting of 38 EHV overhead power transmission lines, comprising seven 765 kV transmission lines, twenty-nine 400 kV transmission lines and two132 kV transmission lines, with a total circuit length of approximately 7,570 ckms and eleven substations with approximately 13,550 MVA of transformation capacity, across 17 states and 1 union territory, in India. IndiGrid has assets under management worth of approximately ₹ 200,000 million as on March 31, 2021. IndiGrid Investment Managers Limited (formerly known as Sterlite Investment Managers Limited), is the investment manager of the InvIT and is majority owned by Electron IM Pte. Ltd., an affiliate of the KKR Sponsor. We have consistently been given a corporate credit rating of ‘CCA AAA/Stable’ by CRISIL, ‘IND AAA’/Stable by India Ratings and ‘ICRA AAA (Stable)’ by ICRA.
We are focused on providing stable and sustainable distributions to our Unitholders. We believe that we are well positioned to take advantage of the growth potential of India’s power industry given the quality of our power transmission assets and our financial position, support from our Sponsors and the robust regulatory framework for power transmission and solar projects in India. We believe the infrastructure necessary to transmit and deliver electricity is vital to India’s continued economic advancement, given the inter-regional power deficit in India resulting from a mismatch between power generation and load centers and the demand-supply deficit which is expected to result from India’s projected GDP growth.
Private investment in transmission and renewable energy sectors is a key focus area for India’s Ministry of Power. Our diversification into solar assets will result in significant synergies with our existing business model. Our continued focus and strategy will be on accretive acquisition of power transmission and solar projects with annuity profile in their respective TSAs and long terms PPAs yielding stable cash flows, operational track record, good quality equipment and financially strong and creditworthy counter parties.