Archive · 7 Jun 2025
IndiGrid Acquires Solar and Transmission Assets from ReNew
IndiGrid, an infrastructure investment trust, is buying a solar plant and a transmission line from ReNew Energy for ₹2108 crore.
The solar plant in Rajasthan has been running since March 2024 and has a 25-year contract.
The transmission line in Karnataka has been operating since October 2023.
IndiGrid will take over both assets.
The company is using a mix of equity, its own funds, and debt to pay for them.
These acquisitions are meant to help IndiGrid expand its business in the energy sector.
IndiGrid is acquiring a solar asset and a transmission asset from ReNew Energy.
The total value of the acquisitions is ₹2108 crore.
The solar asset is a 300 MW operational project in Rajasthan.
The transmission asset is an inter-state transmission project in Karnataka.
Funding will come from equity, internal accruals, and debt.
- Who
- IndiGrid
- What
- Acquisition of solar and transmission assets
- When
- Announced June 07, 2025. Solar asset operational since March 2024, transmission asset operational since October 2023
- Where
- Rajasthan and Karnataka, India
- Why
- To expand its portfolio in renewable energy and transmission infrastructure.
- Acquisition Value
- ₹2108 crore
- Solar Asset
- Renew Solar Aayan Private Ltd (RSAPL)
- Solar Asset Capacity
- 300 MW (AC)
- Transmission Asset
- Koppal Narendra Transmission Limited (KNTL)
- Transmission Lines
- 276 circuit kilometers
- Funding
- Equity, internal accruals, and debt
- Net Debt/AUM (post-acquisition)
- 62%
