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Latest News | IndiGrid Q2 Net Profit Falls 69 Pc to Rs 39 Crore

Get latest articles and stories on Latest News at LatestLY. 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. Latest News | IndiGrid Q2 Net Profit Falls 69 Pc to Rs 39 Crore.

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IndiGrid Q2 net profit falls 69% to Rs 39 crore

Its consolidated net profit stood at Rs 125.79 crore in the quarter ended on September 30, 2022, according to a regulatory filing.

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India Grid Q2 net profit falls 69% to Rs 39 cr, total income up Rs 720 cr

India Grid Q2 net profit falls 69% to Rs 39 cr, total income up Rs 720 cr
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gic: Singapore s GIC ties up Vedanta Group company Sterlite Transmission for $1 bn joint venture

GIC will be deploying $500 million in the infrastructure business for a 49% stake. The investment will take place in tranches, with an initial $100 million and $400 million to come in over the next two to three years on a need-to-draw down basis. This will be linked to Sterlite Power winning transmission project tenders and planned capex.

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Sterlite Power, GIC plan $1-B Transmission JV

Sterlite Power Transmission (SPTL), a privately held Vedanta Group company, is joining hands with Singapores sovereign wealth fund, GIC, to create a $1-billion joint venture platform to tap the growing demand for power evacuation networks in the country on the back of the renewable energy boom, multiple people aware of the plans told ET.

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