NEW DELHI: State-owned Power Grid Corp. India Ltd (PGCIL) is in advanced talks with investors for its first tranche of projects through an infrastructure investment trust (InvIT), said a person aware of the development. Also Read | The limits to India’s privatization push“We were registered with SEBI as an InvIT on January 7, 2021," the draft offer document said. InvITs manage income-generating infrastructure assets, typically offering investors a regular yield and a liquid method of investing in infrastructure projects. After the first tranche, a Rs10,000 crore worth second tranche is also in the works as reported by Mint earlier. “Similarily, transmission assets of a value of Rs7,000 crore will be transferred to the PGCIL InvIT," Sitharaman had said in her budget speech.

Source: Mint February 26, 2021 10:37 UTC