IndiGrid to buy NER II Transmission for Rs 46,250 million, from Sterlite Power

IndiGridhas signed a share purchase agreement to acquire a 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs 46,250 million.

The acquisition would boost IndiGrid’s asset under management (AUM) to over Rs 200,000 million (USD 2.8 billion), i.e., by about 34 per cent. After its completion, the platform’s asset portfolio would comprise 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations comprising  over 7,570 ct km and have 13,350 MVA capacity.

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