IndiGrid (India Grid Trust) INDIGRID
Power Transmission & Grid: India's first power-transmission InvIT, sponsored by KKR, owning inter-state lines, substations, solar and battery assets
Mapped in 2 themes: Power Transmission & Grid and Battery Storage (PLI-ACC).
Where IndiGrid (India Grid Trust) sits in the supply chain
IndiGrid (India Grid Trust) appears in 2 supply-chain layers across 2 themes: Power Transmission & Grid and Battery Storage (PLI-ACC).
Power Transmission & Grid › Transmission utilities & InvITs
OwnerIndia's first power-transmission InvIT, sponsored by KKR, owning inter-state lines, substations, solar and battery assets
Other companies in this layer
Battery Storage (PLI-ACC) › Grid battery storage (BESS)
OperatorKKR-backed power-transmission InvIT that now owns standalone battery storage, contracted on long-term fixed payments
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,222 | 2,332 | 2,864 | 3,288 | 4,768 |
| Net profit | 343 | 466 | 296 | 410 | 399 |
Latest-year revenue ₹4,768 Cr (FY26, company-wide).
Note: InvIT: units, not shares; distributions matter more than profit.
Strengths · in Power Transmission & Grid
- AUM of ₹34,041 Cr at Jun 2026; FY27 distribution guidance of ₹16.48 per unit
- Sponsor EnerGrid builds projects (₹5,800 Cr of Himachal LOIs) for IndiGrid to buy later
Risks · in Power Transmission & Grid
- Net debt at ~58.5% of AUM; sensitive to interest rates
- Acquisition-led growth needs fresh equity
Common questions
What does IndiGrid (India Grid Trust) do?
In Power Transmission & Grid: India's first power-transmission InvIT, sponsored by KKR, owning inter-state lines, substations, solar and battery assets. NextResearch maps it in 2 supply chains: Power Transmission & Grid and Battery Storage (PLI-ACC).
Where does IndiGrid (India Grid Trust) sit in the supply chain?
IndiGrid (India Grid Trust) (NSE: INDIGRID) is mapped in 2 supply-chain layers: Transmission utilities & InvITs (Power Transmission & Grid) and Grid battery storage (BESS) (Battery Storage (PLI-ACC)).
Who are IndiGrid (India Grid Trust)'s peers?
In the Transmission utilities & InvITs layer of Power Transmission & Grid: Power Grid Corporation of India, Adani Energy Solutions, Tata Power, PowerGrid Infrastructure Investment Trust and Resonia (formerly Sterlite Power's transmission business) (not NSE-listed).
What is IndiGrid (India Grid Trust)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹19,502 Cr, P/E 32.6x, ROCE 8.0%, ROE 7.2%, dividend yield 6.56%.