Indigrid acquires GPTL project from Sterlite Power for Rs 10.8 billion

IndiGrid has completed acquisition of Gurgaon Palwal Transmission Limited (GPTL) transmission project from Sterlite Power at an enterprise value of Rs 10.80 billion.

With the acquisition of GPTL for an enterprise value of Rs 10.80 billion, IndiGrid’s assets under management (AUM) have increased by 9 per cent to Rs 133 billion. IndiGrid’s asset portfolio will now consist of 10 power transmission projects, with a total network of 25 power transmission lines and seven substations extending over 6,080 circuit km and 10,735 MVA in 15 Indian states.