IndiGrid Infrastructure Trust Secures Approval for ₹32 Billion Debt Raise

IndiGrid Infrastructure Trust has received board approval to raise debt up to ₹32 billion (32,000 million rupees) through various sources, including term loans and non-convertible debentures. This decision was made during a board meeting held on March 21, 2025. The funds will be used for refinancing existing debt and potential acquisitions. IndiGrid's net debt to AUM ratio stood at 59.6% as of December 31, 2024, and is expected to remain below 65%. The trust recently received a 'CRISIL AAA/Stable' rating for its NCDs, reflecting its stable revenue profile supported by long-term transmission service agreements and solar assets. IndiGrid continues to maintain a strong financial position with a cash balance of ₹1,400-1,500 crore as of September 30, 2024.

Source: Compiled from BSE filings, CRISIL ratings report, and company announcements