50633
Gemstar Infra Pte Limited
Jun 16, 2026
India
South Asia
Feb 27, 2026
B - Limited
Pending Signing
Jun 18, 2026
Regional Industry - INF Asia & Pac
Infrastructure
Approved : Apr 6, 2026
Distribution Business
Public-Private Partnerships
The proposed transaction involves IFC debt investment of up to INR 18,119 million (approximately equivalent to US$ 200 million, exchange rate: USD 1 = INR 90.5947 as of Feb 12, 2026), to nine Special Purpose Vehicles (collectively, the “Project SPVs”) of Gemstar Infra Pte Limited (“GIPL”) and will be utilized for installation, operation and maintenance of 13.6 million smart meters across three distribution companies in the state of Rajasthan (“Discoms”), namely: Jaipur Vidyut Vitran Nigam Limited (“JVVNL”), Ajmer Vidyut Vitran Nigam Limited (“AVVNL”) and Jodhpur Vidyut Vitran Nigam Limited (“JdVVNL”) (“the Projects”). Each concession will be implemented separately by each Project SPV and financed individually, with no cross collateralization. The proposed transaction is expected to improve electricity service quality, reduce Aggregate Technical & Commercial (“AT&C”) losses, advance digitalization of the power sector, and strengthen private sector participation in India’s distribution network.
For Inquiries About the Project, Contact
Company: Gemstar Infra India Private Limited
Point of Contact: Charmy Bhatt
Title: AVP – Legal & Cosec
Telephone Number: +91 022 3540 3071
Email: compliance@gemstarinfra.com
Mailing Address: Gemstar Infra India Pvt. Ltd. Meraki Arena, 901, Opposite Godrej R.K. Studios, V. N. Purav Marg, Chembur East, Mumbai - 400071
Website: https://gemstarinfra.com/
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Delhi