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We work across the clean-energy value chain — utility-scale solar and wind, battery energy storage (BESS), power transmission networks, and the green financing structures that fund them.

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Yes. Our differentiator is combining engineering-led advisory and EPC with an in-house green financing and debt syndication desk, so technical and financial workstreams stay aligned all the way to financial close.

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Absolutely. We engineer HV substations and transmission lines, run grid connection and evacuation studies, and manage the interface with utilities and grid operators.

What does green financing include?

Sustainability-linked loans, green debt, blended finance and non-recourse project finance — structured, syndicated and negotiated to secure competitive, long-tenor capital.

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Gas & Product Pipelines

Real transaction · Gas & Product Pipelines · 2019

GAIL / IndianOil pipeline InvIT plans & Pipeline Infrastructure Ltd

₹13,000 crore (PIL acquisition)2019Brookfield → East-West Pipeline (Pipeline Infrastructure Ltd)1,480 km Kakinada–Bharuch

India's first InvIT-held gas trunk line: Brookfield's ₹13,000 crore acquisition proved regulated pipelines attract long-term yield capital.

Footage · CNBC-TV18 · YouTube

Key numbers

₹13,000 crore approx.

Deal value

Reported acquisition value for Pipeline Infrastructure Ltd

1,480 km

Pipeline length

Kakinada (AP) to Bharuch (Gujarat) route

~100% approx.

Stake acquired

Full ownership transfer of PIL to Brookfield vehicle

InvIT-style trust

Holding structure

India Infrastructure Trust used as SPV

PNGRB

Regulator

Sets transmission tariff, underpinning cash-flow visibility

2019

Deal year

Signing; closing followed in subsequent months

Long-duration, low-teens IRR approx.

Target yield profile

Typical institutional appetite for regulated pipeline cash flows

Deal timeline

2009
East-West/Kakinada–Bharuch pipeline commissioned to evacuate KG-D6 gas; approx. 1,480 km built by Reliance group entities.
2018
Reliance Industries initiates process to monetise pipeline assets to reduce net debt and unlock capital for core E&P business.
Aug 2019
Brookfield agrees to acquire Pipeline Infrastructure Ltd (owner of East-West Pipeline) for approx. ₹13,000 crore.
2019
Deal structured via Brookfield-sponsored India Infrastructure Trust, an InvIT-style vehicle, to hold the regulated pipeline asset.
2020
Transaction completed following regulatory approvals (PNGRB, competition clearance); Brookfield becomes long-term pipeline owner.
2021-23
GAIL and IndianOil publicly examine InvIT/monetisation options for their own gas and product pipeline networks, citing this transaction as precedent (approx.).

Why it matters

In 2019, Brookfield acquired Reliance Industries' East-West Pipeline (Pipeline Infrastructure Ltd), operator of the 1,480 km Kakinada–Bharuch gas trunkline, for approx. ₹13,000 crore, housing it inside an InvIT-style holding vehicle (India Infrastructure Trust). The deal is widely cited as proof that regulated, tariff-based Indian energy infrastructure can attract long-duration global institutional capital, and it foreshadowed subsequent GAIL/IOCL interest in InvIT structures for gas transmission assets under India's asset-monetisation push.

What it means for NMP 2.0

As NMP 2.0 widens the monetisation pipeline to gas grids, product pipelines and city gas networks, this transaction remains the reference case for structuring regulated energy assets via InvITs. Public-sector entities like GAIL and IndianOil can use similar SPV/trust wrappers to attract patient global capital while retaining operating control, provided tariff certainty, ship-or-pay contracts and clear regulatory oversight are locked in before launch.

What it teaches

Structuring, finance and procurement lessons

Regulated tariffs de-risk long-term capital

PNGRB-approved tariff mechanisms gave predictable, inflation-linked cash flows, letting Brookfield underwrite a multi-decade hold without merchant-price volatility — a template for future gas/product pipeline sales.

InvIT wrapper separates asset from parent credit

Housing the pipeline in a dedicated trust ring-fenced it from Reliance's broader balance sheet, enabling investors to price the asset purely on its own contracted cash flows rather than sponsor credit risk.

Brownfield monetisation frees strategic capital

The seller used sale proceeds to redeploy capital into core upstream/E&P operations, illustrating how monetising operating infrastructure can fund growth capex without fresh equity dilution.

Ship-or-pay/capacity contracts anchor valuation

Long-term capacity or throughput commitments from anchor shippers were critical to justify the acquisition multiple; future InvIT sponsors must secure similarly binding offtake before marketing pipeline stakes.

Regulatory and approval timelines shape deal structuring

Multi-agency clearances (PNGRB, competition authority) required careful sequencing in transaction documentation, a reminder that InvIT-bound infra sales need parallel regulatory workstreams from day one.

Sources · Reuters coverage of Brookfield-Reliance pipeline deal (2019) · Economic Times reporting on Pipeline Infrastructure Ltd acquisition · Mint/Business Standard articles on India Infrastructure Trust structuring · Brookfield Infrastructure public disclosures/press releases · PNGRB public tariff orders for East-West Pipeline

How Growthifye helps

Structuring InvIT/SPV wrappers that ring-fence regulated cash flows from sponsor balance-sheet risk for pipeline and grid monetisation.
Advising on tariff, ship-or-pay and offtake contract design to maximise valuation and investor comfort ahead of asset sale or InvIT listing.
Coordinating multi-regulator approval sequencing (PNGRB, CCI, sector ministries) to de-risk transaction timelines for public-sector monetisation programmes.

Gas & Product Pipelines sector page Talk to our transaction team