PowerGrid InvIT IPO - Well Positioned For Growth: ICICI Direct
Electricity pylons and electrical power lines against a blue sky in Australia. (Photographer: Carla Gottgens/Bloomberg)

PowerGrid InvIT IPO - Well Positioned For Growth: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Power Grid Infrastructure Investment Trust has been set up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT regulations, including in power transmission assets in India.

The sponsor and project manager for the InvIT is Power Grid Corporation of India Ltd., which is the third largest central public sector enterprises in terms of gross block.

The investment manager, PowerGrid Unchahar Transmission Ltd, is a wholly owned subsidiary of the sponsor and is responsible for managing the InvIT as well as the initial portfolio assets.

Click on the attachment to read the full report:

ICICI Direct Power Grid InvIT IPO Review.pdf

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