IndiGrid Revenue and Competitors

We are an infrastructure investment trust (ￃﾢ￢ﾂﾬￅﾓInvITￃﾢ￢ﾂﾬￂﾝ) established to own inter-state power transmission assets in India. IndiGrid was established on October 21, 2016 by our Sponsor, Sterlite Power Grid Ventures Limited, and is registered with SEBI pursuant to the InvIT Regulations. Our Sponsor is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India. We believe the infrastructure necessary to transmit and deliver electricity is vital to Indiaￃﾢ￢ﾂﾬￋﾜs continued economic advancement given the inter-regional power deficit resulting from a mismatch between power generation and load centers and the demand-supply deficit which is expected to result from Indiaￃﾢ￢ﾂﾬￋﾜs projected GDP growth. Private investment in transmission is a key focus area for Indiaￃﾢ￢ﾂﾬￋﾜs Ministry of Power. Of the 12 inter-state power transmission projects developed by the Sponsor, we have acquired five projects with a total network of eight power transmission lines of 3,362 ckms and two substations having 6,000 MVA of transformation capacity across eight states (the ￃﾢ￢ﾂﾬￅﾓPortfolio Assetsￃﾢ￢ﾂﾬￂﾝ). Additionally, as part of our growth strategy of acquiring third-party transmission assets, we acquired Patran Transmission Company Limited ("PTCL") from Techno Electric & Engineering Company Ltd. ("TEECL") on August 31, 2018 with one substation having 1,000 MVA of transmission capacity in Punjab. Each of these 6 Portfolio Assets have been completed and revenue-generating for more than a year.