PGINVIT

Overview

POWERGRID Infrastructure Investment Trust (PGINVIT) is an infrastructure investment trust (InvIT) that was incorporated in India on January 7, 2021. The trust is set up to own, construct, operate, maintain, and invest in power transmission assets in India. The sponsor of the trust is Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India. The trustee of the trust is IDBI Trusteeship Services Limited.

History

The idea of creating an InvIT for POWERGRID was first mooted in 2018. The trust was formally incorporated in January 2021, and its initial public offering (IPO) was opened on April 29, 2021. The IPO was subscribed 10.15 times, and the trust was listed on the National Stock Exchange and Bombay Stock Exchange on May 3, 2021.

How it operates

PGINVIT owns a portfolio of power transmission assets in India. These assets include transmission lines, substations, and associated facilities. The trust generates revenue from the operation and maintenance of these assets. The trust also receives income from the sale of surplus power.

The future

PGINVIT plans to expand its portfolio of power transmission assets in India. The trust is also considering investing in other infrastructure assets, such as renewable energy projects. The trust is well-positioned to benefit from the growth of the Indian power sector. The Indian government is investing heavily in the power sector, and there is a growing demand for power transmission assets.

Conclusion

PGINVIT is a well-managed InvIT with a strong portfolio of power transmission assets. The trust is well-positioned to benefit from the growth of the Indian power sector. Investors who are looking for exposure to the Indian power sector may want to consider investing in PGINVIT.

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