Acquisitions12 Feb 2026, 04:29 pm
IndiGrid Infrastructure Trust to Acquire Morena SEZ Transmission Limited for INR 15,770 Million
AI Summary
IndiGrid Infrastructure Trust has entered into definitive agreements with Enerica Infra 1 Private Limited, a subsidiary of Enerica ReGrid Infra Private Limited, to acquire Morena SEZ Transmission Limited (MSTL) at an enterprise value not exceeding INR 15,770 million. The acquisition is in line with IndiGrid’s investment strategy and will be completed post one year of MSTL's Commercial Operation Date (COD). MSTL is a power transmission project in Morena district of Madhya Pradesh, India, with a potential of 3.9 GW and is currently under construction.
Key Highlights
- IndiGrid Infrastructure Trust to acquire Morena SEZ Transmission Limited for INR 15,770 million.
- Acquisition to be completed post one year of MSTL's Commercial Operation Date (COD).
- MSTL is a power transmission project in Morena district of Madhya Pradesh, India, with a potential of 3.9 GW.
- MSTL is currently under construction and will facilitate integration of 2.5 GW RE injection into the ISTS network.
- Enerica Infra 1 Private Limited, a subsidiary of Enerica ReGrid Infra Private Limited, is the seller of shares of MSTL.