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India Grid Trust
India Grid Trust on Tuesday said Alberta Investment Management Corporation and HDFC Life will invest Rs 567 crore and Rs 100 crore, respectively, in it. According to a statement, India Grid Trust (IndiGrid) announced the launch of its preferential issue process to raise Rs 695 crore following the successful conclusion of the offer-for-sale (OFS). IndiGrid on Tuesday launched its preferential issue process to raise Rs 695 crore through primary issuance of units for Rs 136.43 /unit, it added. IndiGrid has received investment commitments from Alberta Investment Management Corporation (AIMCo), one of Canada's largest and most diversified institutional investment managers, and HDFC Life for an investment of Rs 567 crore and Rs 100 crore, respectively, with a balance committed by other investors. Ambit Capital and SBI Caps are running a preferential issue process on IndiGrid's behalf. Harsh Shah, Chief Executive Officer IndiGrid, said, "We are also delighted to welcome AIMCo and HDFC Li
India Grid Trust on Friday reported a 57 per cent fall in consolidated profit to Rs 58.4 crore for the March 2024 quarter, dragged by higher expenses. It had clocked Rs 137.1 crore profit in the year-ago period, the company said in an exchange. The company's total income rose to Rs 824.2 crore from Rs 624.8 crore in January-March FY23. During the period under review, its expenses stood at Rs 758.1 crore against Rs 500.5 crore a year ago. The company's board also announced "Q4 FY24 distribution of Rs 3.55 per unit comprising Rs 2.7361 per unit in the form of interest, Rs 0.8139 per unit in the form of dividend. The record date for this distribution will be May 30, 2024, and payment will be made on or before June 8, 2024". For the full year, the company reported a profit of Rs 296.4 crore from Rs 465.7 crore a year ago. In a separate statement, Harsh Shah, Chief Executive Officer, and Whole Time Director of IndiGrid, said, "FY24 has been a transformational year for us. We have not
Infrastructure investment trust India Grid Ltd (IndiGrid) on Friday reported a 69 per cent decline in its net profit to Rs 38.89 crore in the September quarter. Its consolidated net profit stood at Rs 125.79 crore in the quarter ended on September 30, 2022, according to a regulatory filing. The company's total expenses rose to Rs 683.39 crore in the July-September quarter from Rs 466.76 crore a year ago. During the period under review, total income also increased to Rs 720.18 crore as against Rs 595.91 crore in the year-ago period. The board of directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to IndiGrid also approved a declaration for the second quarter of FY24 distribution of Rs 3.55 per unit, comprising Rs 2.8961 per unit in the form of Interest, Rs 0.6341 per unit in the form of Principal payment and Rs 0.0198 in the form of Other Income. The record date for this distribution will be November 9, 2023, and payment will be made on
India Grid Trust (IndiGrid) on Friday reported over 29 per cent rise in consolidated net profit to Rs 107.18 crore in the June 2023 quarter, helped by higher income. It had posted a consolidated net profit of Rs 83.07 crore in the same period of 2022-23, the company said in a regulatory filing on Friday. The total income increased to Rs 654.53 crore from Rs 586.46 crore in the year-ago quarter. The Board of Directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to India Grid Trust approved the declaration of Q1 FY24 distribution of Rs 3.45 per unit comprising Rs 3.1759 per unit in the form of interest, Rs 0.0611 per unit in the form of dividend, Rs 0.2010 per unit in the form of principal payment and Rs 0.0120 in the form of other income. The record date for this distribution will be August 3, 2023, and payment will be made on or before August 12, 2023.
India Grid Trust (IndiGrid) on Thursday said its consolidated net profit almost doubled to Rs 125.79 crore in the September quarter, aided by higher revenues. The consolidated net profit of the company stood at Rs 68.17 crore in the quarter ended September 30, 2021, as per a BSE filing. Total income of the company rose to Rs 595.91 crore in the quarter from Rs 559.97 crore in the same period a year ago. The board of directors of IndiGrid Investment Managers Ltd (IIML), acting in the capacity of investment manager to India Grid Trust, approved declaration of Q2FY23 distribution of Rs 3.30 per unit -- comprising Rs 3.1137 per unit in the form of interest and Rs 0.18630 per unit in the form of principal payment. The record date for this distribution will be November 16, 2022, and payment will be made on or before November 25, 2022, it said. The board also approved raising debt funding of up to Rs 1,550 crore through various sources, including term loans, non-convertible debentures an
India Grid Trust (IndiGrid) on Thursday reported a consolidated revenue of Rs 361 crore for the April to June quarter, up 78 per cent year-on-year.The consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 329 crore, marking an increase of 74 per cent due to accretive acquisitions and steady operational performance.The board of investment manager for IndiGrid approved a distribution per unit (DPU) of Rs 3 for Q1 FY21 entirely payable as interest to unitholders.Including this 13th distribution, IndiGrid has delivered Rs 36.56 per unit since listing, marking a total return of 42 per cent as of July 31.The infrastructure investment trust said its management remains focused to maintain a strong balance sheet to successfully weather any near-term Covid-19 related uncertainty. The net debt/AUM stands at 50 per cent as of June 30, significantly below the 70 per cent cap as per SEBI InvIT regulations.The robust balance sheet provides ample headroom to ...