News ArticleIndiGrid's Rajasthan BESS Project Achieves Commercial Operation with 250 MW Capacity and INR 71 Crore Annual Revenue
Project developed with British International Investment and KNI India under Build Own Operate model; IndiGrid plans investor exit post COD
IndiGrid Infrastructure Trust's special purpose vehicle, Rajasthan BESS Private Limited, achieved commercial operation on October 27, 2026, for its 250 MW/500 MWh standalone Battery Energy Storage System in Rajasthan. Developed under a Build Own Operate model with a 12-year concession tenure, the project is expected to generate annual revenues exceeding INR 71 Crore. IndiGrid plans to exit minority investors British International Investment Plc and KNI India AS following COD as per regulatory terms.
IndiGrid Investment Managers Limited
Capacity Expansion
IndiGrid Infrastructure Trust's special purpose vehicle, Rajasthan BESS Private Limited, has commenced commercial operation as of October 27, 2026, for its 250 MW/500 MWh Battery Energy Storage System project located in Rajasthan, India.
The Rajasthan BESS project operates under a Build Own Operate (BOO) model with a 12-year concession tenure and is expected to generate annual revenues exceeding INR 71 Crore.
This project was developed in partnership with British International Investment Plc and KNI India AS, joint investors holding minority stakes in Rajasthan BESS Private Limited.
Following the Commercial Operation Date (COD), IndiGrid Infrastructure Trust plans to facilitate the exit of these minority investors in line with the Share Purchase Agreement and applicable InvIT regulations, with further disclosures to stock exchanges to follow.
Highlights
- Commercial Operation Date achieved on October 27, 2026, for the Rajasthan BESS project.
- Project capacity is 250 MW power with 500 MWh energy storage.
- Annual revenue forecast exceeds INR 71 Crore with a 12-year concession period.
- Project developed in partnership with British International Investment Plc and KNI India AS under Build Own Operate model.
- IndiGrid Infrastructure Trust will provide exit to minority investors post-COD as per agreements and regulatory requirements.
Key Data Snapshot
What happened
- Rajasthan BESS Private Limited, a special purpose vehicle of IndiGrid Infrastructure Trust, achieved Commercial Operation Date on October 27, 2026.
- The project is a standalone Battery Energy Storage System with 250 MW capacity and 500 MWh energy storage located in Rajasthan.
- The project operates under a Build Own Operate model with a concession tenure of 12 years and annual expected revenue of over INR 71 Crore.
Key details
- Minority stakes held by British International Investment Plc and KNI India AS, a joint investment vehicle of Norfund and KLP.
- Post-COD, IndiGrid Infrastructure Trust will execute exit of BII and KNI as per the Share Purchase Agreement and InvIT Regulations.
- Details of investor exit will be intimated to stock exchanges in due course.
Highlights
- Commercial Operation Date achieved on October 27, 2026, for the Rajasthan BESS project.
- Project capacity is 250 MW power with 500 MWh energy storage.
- Annual revenue forecast exceeds INR 71 Crore with a 12-year concession period.
- Project developed in partnership with British International Investment Plc and KNI India AS under Build Own Operate model.
- IndiGrid Infrastructure Trust will provide exit to minority investors post-COD as per agreements and regulatory requirements.
Disclosures
- Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014
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