AUDITED HISTORICAL METRICS
Performance & Asset Evolution
Multi-year operational and financial trajectory
Transmission Network & Capacity (ckms)
Axis (Y): ckms
Aggressive Utility Scale Expansion: Portfolio scaled to ~10,000 ckms transmission lines, 20 substations (34,335 MVA), 1.5 GW solar capacity, and 2.5 GWh BESS across 22 project SPVs.
AUDITED FINANCIAL DISCLOSURES
Comprehensive Historical Metrics Matrix
Year-over-year operational, valuation and cash flow KPIs
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | 7-Yr Trend / CAGR |
|---|---|---|---|---|---|---|---|
| Transmission Line Length (ckms) | 6,070 | 7,570 | 8,400 | 8,700 | 9,150 | 10,000 | +64.7% |
| Audited NAV per Unit (₹) | ₹160.00 | ₹155.00 | ₹150.00 | ₹147.50 | ₹148.24 | ₹148.24 | ₹148.24 (March 2026) |
| Annual Distribution per Unit (DPU ₹) | ₹12.20 | ₹12.75 | ₹13.80 | ₹14.20 | ₹15.00 | ₹16.00 | ₹121.44 Cumulative |
| Average Grid Availability (%) | 99.7% | 99.8% | 99.8% | 99.8% | 99.8% | 99.8% | >99.8% Availability |
| Avg Residual TSA Concession Life (Years) | 30.0 | 29.0 | 28.0 | 27.2 | 26.6 | 26.0 | 26.0 Yrs (March 2026) |
| Gross Asset Value (GAV ₹ Cr) | ₹14,500 | ₹18,500 | ₹22,800 | ₹26,500 | ₹28,500 | ₹33,815 | +133.2% |
| Loan to Value (LTV %) | 52.0% | 54.5% | 57.0% | 58.0% | 58.5% | 58.5% | 58.5% LTV |
SPONSOR & INSTITUTIONAL GOVERNANCE
Unitholding Pattern
Audited unitholder structure as of June 30, 2026
Sponsor: KKR Platform (Esoteric II Pte Ltd)
Sponsor & Promoters1.1%KKR / Sterlite Power Platform
Foreign Inst. (FII)26.7%Global PE & Sovereign Funds
Domestic Inst. (DII)16.1%Mutual Funds & Insurers
Public & Retail56.1%HNIs & Retail Investors
Sponsor1%
Category Breakdown
Sponsor & Promoter Group1.1%
Foreign Institutional (FII)26.7%
Domestic Institutional (DII)16.1%
Public & Retail Investors56.1%
PHYSICAL ASSET DIRECTORY
Portfolio Assets Breakdown
Key properties, toll corridors, sub-stations & revenue drivers
| Asset / Property Name | Asset Type | Status | Residual Life | GAV Share |
|---|---|---|---|---|
Bhopal Dhule Transmission Company Limited (BDTCL) Madhya Pradesh & Maharashtra | Inter-State Transmission SPV (6 Lines & 2 Substations) | Operational | 28.5 Yrs TSA (>99.8% Availability) | 10.5% |
Jabalpur Transmission Company Limited (JTCL) Madhya Pradesh & Chhattisgarh | Inter-State Transmission SPV (2 Lines) | Operational | 28.0 Yrs TSA (>99.9% Availability) | 9.8% |
NRSS XXIX Transmission Limited (NTL / NRSS-XXIX) Jammu & Kashmir & Punjab | Critical Valley Grid SPV (3 Lines & 1 Substation) | Operational | 29.0 Yrs TSA (>99.8% Availability) | 9.0% |
East-North Interconnection Company Limited (ENICL) Assam, West Bengal & Bihar | Inter-Regional Transmission SPV (2 Lines) | Operational | 26.5 Yrs TSA (>99.8% Availability) | 8.2% |
NER II Transmission Limited (NER-II) Assam, Tripura & Arunachal Pradesh | North-East Grid SPV (11 Lines & 2 Substations) | Operational | 30.5 Yrs TSA (>99.9% Availability) | 8.5% |
Odisha Generation Phase II Transmission Limited (OGPTL) Odisha | 765kV Heavy Evacuation SPV | Operational | 29.5 Yrs TSA (>99.8% Availability) | 7.0% |
Khargone Transmission Limited (KTL) Madhya Pradesh & Maharashtra | Inter-State Transmission SPV (6 Lines & 1 Substation) | Operational | 30.0 Yrs TSA (>99.8% Availability) | 6.5% |
Purulia & Kharagpur Transmission Company Limited (PKTCL) West Bengal & Jharkhand | Regional Interconnection SPV (2 Lines) | Operational | 27.5 Yrs TSA (>99.8% Availability) | 5.0% |
Maheshwaram Transmission Private Limited (MTL) Telangana | Southern Grid SPV (2 Lines & 2 Substations) | Operational | 29.0 Yrs TSA (>99.9% Availability) | 4.5% |
Parbati Koldam Transmission Company Limited (PrKTCL) Himachal Pradesh & Punjab | Hydro Evacuation Transmission SPV | Operational | 26.0 Yrs TSA (>99.8% Availability) | 4.0% |
RAPP Transmission Company Limited (RTCL) Rajasthan & Madhya Pradesh | Nuclear Power Evacuation SPV | Operational | 27.5 Yrs TSA (>99.8% Availability) | 3.8% |
Beawar Transmission Limited Rajasthan | Renewable Energy Evacuation SPV | Operational | 32.0 Yrs TSA (>99.9% Availability) | 3.5% |
Kallam Transco Limited / Kallam Transmission (KTCO) Maharashtra | Renewable Evacuation Grid & GIS Substation | Operational | 32.0 Yrs TSA (>99.9% Availability) | 3.2% |
Gurgaon Palwal Transmission Private Limited (GPTL) Haryana | Urban Transmission SPV & 3 GIS Substations | Operational | 30.0 Yrs TSA (>99.9% Availability) | 3.0% |
Koppal Narendra Transmission Limited (KNTL) Karnataka | Renewable Evacuation SPV & Substation | Operational | 32.5 Yrs TSA (>99.9% Availability) | 2.8% |
Raichur Sholapur Transmission Company Private Limited (RSTCPL) Karnataka & Maharashtra | 765kV Inter-State Line SPV | Operational | 27.0 Yrs TSA (>99.8% Availability) | 2.2% |
Jhajjar KT Transco Private Limited (JKTPL) Haryana | Intra-State Grid Strengthener SPV | Operational | 25.0 Yrs TSA (>99.8% Availability) | 1.5% |
Patran Transmission Company Private Limited (PTCL) Punjab | Substation & Feeder SPV | Operational | 28.0 Yrs TSA (>99.9% Availability) | 1.5% |
FRV Solar & Selene Solar Park (Solar I & II) Andhra Pradesh & Telangana | Utility Scale Solar Generation | Operational | 21.5 Yrs PPA (SECI / NTPC) | 4.8% |
Virescent Renewable Energy Trust (16 Solar Parks Bundle) Maharashtra, Tamil Nadu, UP, Gujarat, Rajasthan | Multi-State Operational Solar Portfolio | Operational | 22.0 Yrs PPA (SECI & Discoms) | 6.5% |
Dhule Solar PV Project Maharashtra | Utility Scale Solar Generation | Operational | 23.0 Yrs PPA (MSEDCL) | 1.8% |
Kilokari & Gujarat Battery Energy Storage Systems (BESS KBPL/GBPL) Delhi & Gujarat | Stand-alone Grid-Scale Battery Energy Storage (BESS) | Operational / Commissioned | 12.0 Yrs Battery Service Agreement (BSAs) | 1.4% |