Synopsis:
The trust, India’s first power-sector InvIT, manages extensive transmission and solar assets, showing modest revenue growth but a profit decline. Strategic acquisitions, greenfield projects, and disciplined capital allocation aim to sustain predictable distributions of INR 16/unit through FY31‑32.
The shares of prominent investment trusts gained up to 1 percent in today’s trading session after the company, Vanguard Group Funds, acquired over 2 crore equity shares via a Bulk deal in the company.
With a market capitalization of Rs 14,008.06 crore, the shares of IndiGrid Infrastructure Trust were trading at Rs 167.62 per share, decreasing around 0.22 percent as compared to the previous closing price of Rs 167.99 apiece.
According to the exchange data, Vanguard Group, through its three funds, has acquired over 2 crore equity shares, equivalent to a 2.5 percent stake via a bulk deal in the company at an average price of Rs 169.12 per unit, which is valued at Rs 353.3 crore.
However, Larsen & Toubro, which held a 4.52 percent stake as of June 2025, sold 54.6 lakh units at Rs 168.78 per unit for Rs 92.1 crore, while BNP Paribas Financial Markets offloaded 46.1 lakh units at Rs 168.17 per unit for Rs 77.6 crore.
Also read: Block Deal: Stock in focus after promoter plans to sell up to 15% stake in the company
The company’s revenue showed modest growth of 1%, rising from Rs 835 cr to Rs 840 cr in Q1FY26. However, net profit declined sharply by 45%, dropping from Rs 137 cr to Rs 75 cr, indicating rising costs or margin pressures despite stable top-line performance in the quarter.
The company manages assets worth approximately ₹324 bn across 20 states and 2 UTs, with 90 revenue-generating elements. Its portfolio includes 16 substations (25,050 MVA), 1.5 GWp solar generation, 900 MWh BESS projects, and 5.42 lakh MT of steel and aluminum. Average residual contract life is 25.8 years for transmission and 20.1 years for solar.
IndiGrid has strategically acquired asset worth Rs 2,000 crore in FY26, with an additional Rs 800 crore (EnerGrid BESS) in the pipeline. Management emphasizes value-driven acquisitions and a consistent 7-year DPU growth, targeting INR 16/unit sustainably through FY31-32. Greenfield plans include INR 850 crore for EnerGrid, supporting bids up to Rs 12,000 crore, while carefully capping investments in under-construction assets to protect DPU.
IndiGrid is India’s first Infrastructure Investment Trust (InvIT) in the power sector, established to own and operate power transmission and solar energy assets across the country. Its primary objective is to provide predictable returns and growth to investors by transmitting reliable power across the nation’s diverse regions.
Written by Abhishek Singh
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