IndiGrid executes agreement to acquire Shongtong Power Transmission Limited
IndiGrid Infrastructure Trust · Power
Key highlights
- IndiGrid executed Securities Purchase Agreement(s) dated September 04, 2026, to acquire SPTL from Enerica ReGrid Infra Private Limited or its group entities.
- Enterprise value not exceeding INR 53,158 million, subject to closing adjustments and the approval of unitholders and regulatory approvals.
- SPTL, under construction, is for evacuation of power from Shongtong Karcham HEP (450 MW) and Tidong HEP (150 MW) in Himachal Pradesh, with expected COD Q4 FY2029.
Why it's rated notable: the amount is 27% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Reg 23(5)(i): Disclosure of material issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Adani PowerGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.