Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has completed the acquisition of Gujarat BESS Private Limited at an enterprise value of approximately INR 573 crores, subject to closing adjustments. The company was acquired from British International Investment PLC (BII) and Norfund (via KNI India AS). The project is set up under a Build Own Operate (BOO) model and is expected to generate annual revenue of over INR 97 crore with a concession tenure of 12 years. Gujarat BESS is a Battery Energy Storage System project, adding to IndiGrid's infrastructure portfolio.
This acquisition adds a new revenue-generating asset to IndiGrid's portfolio, with an expected INR 97+ crore annual revenue contribution over a 12-year concession period. For unit holders, this could translate to potentially higher distributions, though the INR 573 crore outlay will impact leverage and near-term cash flows.