Government looks at InvIT model to monetise power sector PSUs assets3 min read 12 Aug 2019, 06:18 PM IST
Government sources said that the company will shortly appoint a consultant to advice on the modus operandi for floating of the trust
Already, India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures Ltd, is operational
New Delhi: The government asset monetisation programme may take the trust route with central transmission utility Power Grid Corporation of India Ltd (PGCIL) looking to float an infrastructure investment trust (InvIT) - a first by a PSU entity - to unlock value from its operational transmission assets and free up long-term capital for further investments.
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