India Grid Trust (IndiGrid) has completed acquisition of another transmission asset - Gurgaon Palwal Transmission (GPTL) from Sterlite Power at an enterprise value of around Rs 10.8 Billion ($150 Million). With this acquisition, IndiGrid's AUM has increased by around 9% to Rs 133 Billion ($1.80 Billion). IndiGrid's asset portfolio will now consist of 10 power transmission projects, with a total network of 25 power transmission lines and 7 substations extending over 6,080 circuit kilometres & 10,735 MVA in 15 Indian states.
GPTL is part of Inter State Transmission Scheme (ISTS) network and consists of three gas-insulated substations (GIS) with a total transformation capacity of 3,000 MVA and 270 circuit kilometers of 400 KV transmission lines spread across Uttar Pradesh, Haryana and Rajasthan. This project is built with a substantial focus on environmental, social and governance (ESG) aspects. It is a strategic asset for ensuring reliable power supply in the region which may reduce the carbon emissions by reducing dependence on DG sets. The land requirement for this project is also substantially reduced with innovatively designed vertical GIS substation and monopole towers with micro-piling.
IndiGrid is the first Infrastructure Investment Trust (InvIT) in the Indian power sector. It owns 10 operating projects consisting of 25 transmission lines with more than 6,080 ckms length and 7 substations with 10,735 MVA transformation capacities.
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1601.60 |
| Paul Merchants | 944.05 |
| IIFL Finance | 409.05 |
| Altius Telecom Infra | 158.75 |
| Embassy Office Parks | 368.45 |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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