Energy Infrastructure Trust has informed the Exchange regarding Half-Yearly Full Valuation report for assets for FY ended 2025-26
Awaiting price reaction for this filing.
Energy Infrastructure Trust (formerly India Infrastructure Trust, BSE Scrip Code 542543), sponsored by the Brookfield group, has filed its half-yearly full valuation report prepared by independent Registered Valuer Mr. S. Sundararaman for its only asset, Pipeline Infrastructure Limited (PIL). PIL owns and operates a ~1,480 km cross-country natural gas pipeline from Kakinada (Andhra Pradesh) to Bharuch (Gujarat), with 11 compressor stations and a 20-year Pipeline Usage Agreement with Reliance Industries Limited for up to 33 Mmscmd capacity. The valuer assessed PIL's fair Enterprise Value at INR 1,21,032 million (about ₹12,103 crore) using the Discounted Cash Flow (FCFE) method with a Cost of Equity of 22.65% and Cost of Shareholder's Debt of 8.47% over a ~13.5 year projection period. The filing also notes that the Trust is exploring conversion from a privately listed to a publicly listed InvIT via an offer for sale of units. Pipeline transported volumes have risen steadily from 18.78 MMSCMD in FY20 to 35.45 MMSCMD in FY25, and the Trust earned INR 260.07 crore as net interest income from PIL in the six months ended September 30, 2025.
For unitholders, this filing provides the independent benchmark Enterprise Value of the Trust's sole underlying asset (~₹12,103 crore), useful for NAV estimation and any future investment decisions. The disclosure of a potential move to a fully public listing via offer for sale could also mean improved unit liquidity and broader investor participation going forward, though it remains exploratory at this stage.