Open an Account
search icon
4
NOTIFICATIONS
Best Algo trading app in India
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Closure of Trading Window

 Pursuant to the 'Policy on Unpublished Price Sensitive information and dealing in units by the parties to POWERGRID Infrastructure Investment Trust ('PGInvIT')', the trading window for trading and dealing in units of PGInvIT shall remain closed from Thursday, September 30, 2021 until 48 hours after the declaration of financial results of PGInvIT for the half year period ended September 30, 2021. Kindly take the above information on record.
29-09-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Announcement under Regulation 30 (LODR)-Cessation

 Completion of Tenure of Shri Sunil Kumar Sharma, Independent Director of Investment Manager to POWERGRID Infrastructure Investment Trust
23-07-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Statement Of Deviation(S) Or Variation(S) In Use Of Proceeds Of Initial Public Offer Of POWERGRID Infrastructure Investment Trust

 In terms of the provisions of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with Paragraph 6.1 of Annexure B of the SEBI Circular No. CIR/IMD/DF/127/2016 dated November 29, 2016, we wish to inform that the proceeds of the initial public offer (IPO) of units of POWERGRID Infrastructure Investment Trust (PGInvIT) have been fully utilized in line with the objects stated in the final offer document dated May 6, 2021, without any deviations or variations in the stated use of proceeds. In this regard, enclosed please find the statement of deviations/variations in use of proceeds of IPO of PGInvIT. Kindly take the above on record please.
19-07-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Statement Of Deviation(S) Or Variation(S) In Use Of Proceeds Of Initial Public Offer Of POWERGRID Infrastructure Investment Trust

 In terms of the provisions of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with Paragraph 6.1 of Annexure B of the SEBI Circular No. CIR/IMD/DF/127/2016 dated November 29, 2016, we wish to inform that the proceeds of the initial public offer (IPO) of units of POWERGRID Infrastructure Investment Trust (PGInvIT) have been fully utilized in line with the objects stated in the final offer document dated May 6, 2021, without any deviations or variations in the stated use of proceeds. In this regard, enclosed please find the statement of deviations/variations in use of proceeds of IPO of PGInvIT. Kindly take the above on record please.
19-07-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Statement Of Investor Complaints For The Quarter Ended June 2021

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 01761760 Name of the Signatory :- ANJANA LUTHRADesignation :- Company Secretary and Compliance Officer
19-07-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Disclosure Of Unit Holding Pattern Of Pginvit For The Quarter Ended June 30 2021

 In terms of the provisions of Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with Paragraph 2 of Annexure B of the SEBI Circular No. CIR/IMD/DF/127/2016 dated November 29, 2016 and Paragraph 6 of SEBI Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/43 dated March 23, 2020, enclosed please find the Unit holding pattern of POWERGRID Infrastructure Investment Trust (PGInvIT) for the quarter ended June 30, 2021 issued by KFin Technologies Private Limited, Registrar & Share Transfer Agent of PGInvIT. Kindly take the same on record please.
12-07-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

 This is to inform that the Board of Directors of POWERGRID Unchahar Transmission Limited)-the Investment Manager to POWERGRID Infrastructure Investment Trust (PGInvIT), vide resolution passed on 23rd June, 2021, has approved the appointment of M/s S. K. Mittal & Co., Chartered Accountants, New Delhi as Statutory Auditors of PGInvIT for the financial year 2021-22 to hold office till the conclusion of first annual meeting of unitholders of PGInvIT.
24-06-2021
Bigul

POWERGRID Infrastructure Investment Trust - 543290 - Appointment Of Registrar & Transfer Agent Of POWERGRID Infrastructure Investment Trust

 This is to inform that POWERGRID Infrastructure Investment Trust (PGInvIT), acting through its Investment Manager viz. POWERGRID Unchahar Transmission Limited), has appointed KFin Technologies Private Limited(KFINTECH) as its Registrar & Transfer Agent. It is requested to take note of the same and update the detail of Registrar & Transfer Agent of PGInvIT in your records please.
21-05-2021

Power Grid InvIT IPO: A long-term yield play

 To kickstart the centre’s agenda to tap the InvIT market to raise funds for its public sector undertakings, the Power Grid InvIT IPO hit the street on Thursday. Seeking to raise up to Rs 7,735 crore, out of which nearly up to Rs 2,742 crore is an offer for sale by the selling unitholder, essentially Power Grid as the sponsor of the initial portfolio of assets housed in five special purpose vehicles. These assets are PowerGrid Vizag Transmission Ltd, PowerGrid Kala Amb Transmission Ltd, PowerGrid Parli Transmission Ltd, PowerGrid Warora Transmission Ltd and PowerGrid Jabalpur Transmission Ltd. The company has already raised Rs 3,480 crore from anchor investors, and by the end of the second day of bidding, 61% of the units available for subscription. This means the InvIT has 78% of the funds already. Although InvITs are a good option for investors looking for a stable yield from their investment (analyst estimates peg this at around 11.0-11.5%), the large ticket size for InvITs keep away a lot of investors. For example, for Power Grid InvIT’s IPO price band of Rs 99-100 means that for a minimum lot of 1,100 units and multiples thereof, an investor will have to shell out up to Rs 1,10,000 to even make a bid. That apart, does Power Grid InvIT’s pedigree give it a leg up against other power transmission InvITs in the market? Steady cash flows and higher yield The other competitor in the power transmission assets space is India Grid Investment Trust. The company at current prices gives a yield of around 9.5-10.0%. This is lower than Power Grid InvIT’s expected yield. But the problem is that there is no history of distribution available for Power Grid InvIT. Power Grid, as the sponsor, transferred five assets to the trust. The trust will use the money raised through the fresh issue of units to prepay or part pay loans taken by the five SPV companies that run 11 transmission lines, that are of critical nature for India’s power needs. These assets under management come up to Rs 7,200 crore. The trust will lend this money through the fresh issue onward to the SPVs, which will use the funds to repay/prepay debt. The SPVs will pay the trust as interest on loan (50%), dividend (30%), loan repayment (20%). This is what the trust’s assets earned in terms of revenues and cash flows over the past three financial years: After the debt is paid off, the SPVs will have more funds, and as a result higher cash flows. InvITs have to distribute at least 90% of their net distributable cash flows to investors. This has to happen at least once in a quarter, but within six months of listing. Backing of Power Grid makes the IPO compelling The backing of Power Grid makes this particular InvIT a compelling bet for investors who are hungry for high yielding investment avenues. Although the attendant risks of non payment by customers remains for the power industry as whole, Power Grid InvIT’s assets run on a different model. Based on the availability of the transmission assets for 98%, the SPVs are nearly guaranteed tariffs. There are other provisions like bank guarantees and late payment surcharges that have been built in to make sure dues are honoured. These are the projections of the future revenues and cash flows for the five assets: Although these projections are trending downward, the cash flows available for distribution look quite enticing for investors. The long (average of 32 years) contract life of the 11 transmission lines give predictability to the cash flows as well. The lower debt levels after repayment of debt by the underlying assets SPV will make sure there are adequate funds available in the future for acquisitions by the trust of more transmission assets. And for Power Grid’s tariff-based competitive bidding projects, there is a ready vehicle available for future monetisation of assets for recycling capital by the transmission company.
03-05-2021
Bigul

Pre-IPO Discussion: PowerGrid InvIT (PG InvIT)

 Conference Call with PG InvIT Management and Analysts ahead of the company's IPO which is sponsored by Power Grid Corporation of India Limited (PGCIL). Listen to the full transcript.
28-04-2021
Close

Let's Open Free Demat Account