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India Grid Trust completes acquisition of two solar assets for Rs 660 crore

The 100 MW assets are fully operational and located in a high radiation zone in the 400 MW Ananthapuramu Solar Park in Andhra Pradesh with a contractual period of 25 years at a fixed tariff.

Apurva Joshi 0 1158 Article rating: 4.5

India Grid Trust, which is India’s first power infrastructure investment trust (InvIT) has informed the bourses that it has completed the acquisition of a 100 per cent stake in two solar assets with the cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of approximately Rs 660 crore. 

Wonderful Wednesday for small-cap! IT & Textile stocks buzz; Kitex Garments hits upper circuit, Mindtree emerges as top contributor

Karan Dsij 0 894 Article rating: 3.4

Meanwhile, IT stocks such as Mindtree, Happiest Minds Technologies contributed most to the gains of BSE Smallcap index. Deepak Nitrite is also among the top contributor as it registered a fresh all-time high on Wednesday.

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