Page 6 - Index

Message from the Sponsor
Dear Unitholders,
I am immensely pleased to connect with you after the successful completion of first financial year of PGInvIT, sponsored by POWERGRID, a Maharatna CPSE.
PGInvIT is the first InvIT sponsored by a government entity in India and we are proud to have been a part of this enriching journey of creating value for all our stakeholders.
In furtherance to its commitment to pursue asset monetisation and asset recycling for investment led growth, Government of India has formulated the National Monetisation Pipeline which includes monetisation of ` 45,200 crore of transmission assets of POWERGRID by 2025. POWERGRID, through PGInvIT, has led from the front in contributing to this initiative of the government and is committed to meet its targets in the coming years as well.
I take this opportunity to thank all the investors in PGInvIT for their confidence in brand ‘POWERGRID’.
As the Sponsor and Project Manager, you have our assurance to be fully behind the PGInvIT for creating value for investors and we look forward to your continued support in building a prosperous and sustainable India.
Sincerely yours,
K. Sreekant
Chairman & Managing Director
Power Grid Corporation of India Limited
4 Annual Report 2021-22