Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has signed definitive agreements to acquire 100% of Morena I SEZ Transmission Limited (MSTL) from Enerica Infra 1 Private Limited, a unit of EnerGrid. The enterprise value is capped at ₹1,577 crore, subject to closing adjustments. MSTL is an under-construction inter-state power transmission project (765/400 kV pooling station in Morena, Madhya Pradesh) for evacuating 2.5 GW renewable energy, with expected commercial operation date in Q1 FY2029. The acquisition will happen in tranches, post one year after COD. The seller (EnerGrid) is a related party due to a common director, and the deal is being done at arm's length price with valuation as per InvIT regulations.
This is a forward-looking acquisition—consummation is more than 3 years away (post-1-year after FY2029 COD). Near-term financial impact is limited, but it signals IndiGrid's continued pipeline expansion in the transmission sector, which should support long-term distribution stability for unitholders.