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India Grid Trust (NSE: INDIGRID) share: IndiGrid acquired a 300 MW solar project for Rs 1550 crore, increasing its total solar project portfolio to 19 projects across 8 states in India.
The total production capacity of IndiGrid’s solar projects is now 1.1 gigawatts (GW).
IndiGrid’s assets under management stand at around Rs 28,200 crore.
Share Price summary
India Grid Trust share saw a down on the BSE index on the last trading day. On the last trading day of the week, this share increased by 1 percent and closed above Rs 133.99.
The share touched a 52-week high of Rs 141.51 in May 2023 and fell to the level of Rs 121 in November 2023. The market capitalization of the business is 10,505.14 crore. this share dividend yields 10.45%, The share price may go up to Rs 200 soon.
ICRA’s Estimates For Renewable Energy’s Potential
ICRA, a rating agency, estimates a significant increase in India’s renewable energy (RE) capacity, excluding large hydroelectric plants. They project this capacity to reach 170 gigawatts (GW) by March 2025, which is a substantial jump from the 135 GW installed in December 2023.
However, a challenge exists in maintaining a consistent 24-hour power supply due to the intermittent nature of RE generation, like solar and wind. ICRA suggests that integrating energy storage systems with wind and solar projects could be a solution to address this challenge.
PM Modi laid the foundation of 4 projects of this
About IndiGrid
Think of IndiGrid as a company that invests in India’s power infrastructure, specifically focusing on power lines and renewable energy sources like solar power plants. They were founded in October 2016 and are headquartered in New Delhi.
Here’s the interesting part: IndiGrid isn’t a traditional company, it’s an infrastructure investment trust (InvIT). This means they raise money from investors and use it to buy and manage power transmission lines and renewable energy projects. This allows investors to potentially benefit from the steady income generated by these assets.
Think of it like this: IndiGrid is like a pool of money from many investors, used to buy and manage important parts of India’s power system, like highways for electricity and clean energy sources like solar panels.
Conclusion
This article serves as a comprehensive guide to the 300 MW solar project for Rs 1550 crore; 19 projects across 8 states: Share Price Rs133. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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