Anzen India Energy Yield Plus Trust has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Anzen India Energy Yield Plus Trust has submitted its annual valuation report and Net Asset Value (NAV) computation for FY ending March 31, 2025, as required under SEBI InvIT Regulations. The independent valuer, Mr. S Sundararaman, assessed the fair enterprise value of the Trust's three Special Purpose Vehicles (SPVs) at Rs 39,330 million in total: DMTCL (Bihar transmission lines) at Rs 13,501 Mn, NRSSB (Haryana-Punjab transmission lines) at Rs 10,144 Mn, and SUPL (Jaisalmer solar plant, 300 MW AC) at Rs 15,685 Mn. The standalone NAV per unit rose to Rs 116.92 at fair value (vs Rs 100.55 at book value), while consolidated NAV came in at Rs 112.56 per unit at fair value (vs Rs 79.03 at book value). The valuation was done using the Discounted Cash Flow method, with WACC ranging from 7.76% to 8.34% across SPVs. SUPL was newly acquired in March 2025 from ReNew Private Limited for Rs 5,196 Mn.
The fair value NAV of Rs 116.92 per unit (standalone) is meaningfully higher than the book value NAV of Rs 100.55, indicating the underlying assets are worth more than their accounting values, which is positive for unitholders. The transparency in publishing detailed valuation and sensitivity analysis gives investors a clearer picture of asset worth, supporting better pricing of Anzen units on the exchange.