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Able to beat our distribution estimates, says India Grid Trust

Updated : April 25, 2018 15:33:33 IST

In an interview to CNBC-TV18, Pratik Agarwal, Chief Executive Officer, India Grid Trust, said, "We had absolutely fantastic first year for the company and InVit as a product."

“On operational front, we have outperformed on all the parameters which is why we have been able to beat our distribution estimates and have delivered 11.5% annualised on distribution versus guidance of Rs 11,” he added.

He further said that we are confident of achieving our target to reach assets under management (AUM) of Rs 30,000 crore by FY22.

IndiGrid InVit has outperformed G-Sec over last 10 months despite weakening bond price, said Agarwal.
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