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For Immediate Release Key Highlights ● ● ● IndiGrid increases the DPU to INR 3.10 / Quarter IndiGrid Q3 FY21 EBITDA at INR 3,938 million ; up by 25 % YoY and Q3 FY21 NDCF is 2,216 million , up 44 % YoY Q3 FY21 performance supported by strong collections , robust operations , and accretive acquisitions Board approves an enabling resolution for Rights issuance of up to INR 15 Bn Assets Under Management ( AUM ) at INR 150 Bn Mumbai , Friday , January 22nd , 2021 : IndiGrid [ BSE : 540565 | NSE : INDIGRID ] , India's first power sector InvlT , announced its results for the quarter ended December 31 , 2020. Q3 FY21 consolidated revenue stood at INR 4,322 million , up 27 % YoY on the back of accretive acquisitions . Robust operations and steady availability supported an increase of 25 % in the operating income ( EBITDA ) at INR 3,938 million during the quarter . Growth in power demand has shown a strong recovery for the sector . With collections at 112 % for the quarter , net distributable cash flow ( NDCF ) grew to 2,216 million , up 44 % YoY . The Board of the Investment Manager has approved an increase in Distribution Per Unit ( DPU ) by 3.3 % to INR 3.10 for Q3 FY21 entirely payable as interest to unitholders in tandem with the increased NDCF on account of accretive acquisitions over the last few quarters . With this , IndiGrid has distributed INR 42.67 per unit to its investors over the last 15 quarters since its listing , a total return of over 70 % . Total return is sum of all distributions since listing and change in price , till date . The Board of the Investment Manager has also approved capital raise up to INR 15 billion by way of Rights Issue subject to regulatory approvals . This is in line with IndiGrid's strategy to raise timely capital to maintain leverage headroom and fund acquisitions . SEBI , in January 2020 , issued guidelines for rights issuance by listed InvlTs thereby enabling another source of equity funding for InvlTs and allowing retail investors to participate in InvIT's growth potential . Commenting on the quarterly financial results , Mr. Harsh Shah , Chief Executive Officer , said : " Value accretive acquisitions over the last several quarters have enabled increase in net distributable cash flows . In line with our strategy of providing a steady increase in DPU with visibility of sustaining the same , we have decided to increase the DPU by 3.33 % to INR 3.10 / unit . With a good quality asset and a robust pipeline of acquisitions , we are confident of delivering sustainable DPU and growing it over a period of time . IndiGrid has acquired ~ INR 85 billion assets since the last capital raise including INR 71 billion of Framework / ROFO projects from Sterlite Power . Considering a robust pipeline of assets , we plan to raise up to INR 15 billion via rights issue , subject to regulatory approvals . This would further strengthen our balance sheet and provide us sufficient headroom to capitalize on the opportunities ahead and deliver sustained growth over time . " Registered & Corporate Office : Unit No. 101 , First Floor , Windsor , Village KoleKalyan , off CST Road , Vidyanagari Marg , Kalina , Santacruz ( East ) , Mumbai - 400 098 , Maharashtra , India CIN : U28113MH2010PLC308857