Including adjustments, the enterprise value will be more than Rs 1,7575 crore, the statement said.
The Indigrid declared a definite contract to obtain a solar and a transmission property, which combines the enterprise value of around Rs.
Solar property, renewal Solar ion Private Limited (RSAPL), a 300 MW (AC) is an operational project, Bermer, Rajasthan, the region is known for high solar disorders.
The project is running from March 1, and the benefits of a long -term electricity purchase agreement (PPA) with the Solar Energy Corporation (SCI) are at a fixed rate of Rs.
Rinu Solar Power Private Limited’s 100 percent assistant company, RSPL’s RSPL’s RSUPL offers a property-strong operational coordination by Indigrad in 2012 and strengthens the presence of platforms in the renovation department. Transmission property, Kopal Narendra Transmission Limited (CNTL) is a central part, which is a work. In Karnataka. KNTL, which is running from October 1 Since, includes approximately 166 circuit kilometer transmission line and 5,500 MVA transformation capacity. The property is jointly entrepreneur between Rinu Solar Power Private Limited (Cent percent) and KNI India (PerE Cent percent), Norfund and KLP.
With its location in the region that witnesses the rapid grid expansion, KNTL provides meaningful long -term growth capacity for Indigridge.
Subject to regulatory and contract approval, Indigridge will take 100 per cent shareholders and management control of both properties and management in accordance with the provisions of the Indigrade fixed and discounted agreement and the Power Purchase Agreement (PPA), with the lock-in responsibilities.
The Managing Director of the Indigragids, Harsh Shah, said, “The grid align the acquisition with our long -term strategy to make sense of the transformation by ownership and operates the necessary infrastructure supporting stability and energy access”.
The acquisition will be financed by the combination of equity, internal deposits and loan, the statement said.
After the acquisition, the net loan/AUM will be 62 percent and enough headerrooms will be released for future growth, he said.
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