Q1 earnings strong across boards: Harsh Shah, IndiGrid
  • WebDesk BTVI
  • Jul 30 2019

Harsh Shah, CEO of IndiGrid Trust, gives an insight into the company’s performance in Q1. Shah says the company’s earning was strong across boards in Q1 and adds that it is on track to achieve guidance given earlier of Rs 3/unit tariff. He says net distributable cash flow remained strong on QoQ basis with around Rs 85 crore distributed to investors. On future outlook, he says the aim is to double cash distribution to Rs 175 crore to investors. He expects EBITDA to double in the coming quarters.