IndiGrid expands renewable capacity with Karnataka acquisition
after close1 source ↓written by the desknot a recommendation
- ₹372 cr
- energy capacity
- 5 gigawatts
IndiGrid has acquired Gadag Transmission Ltd. for ₹372 cr, enhancing its renewable energy capacity by 5 gigawatts. This acquisition, part of a broader strategy to tap into India's renewable energy transition, will be funded through equity and debt. The company aims to sustain its growth momentum, having increased its size over nine times since 2016-17.
Not investment advice. For informational purposes only.