Energy Infra Trust InvIT, operator of the 1,485-km East–West gas pipeline, is gearing up for a public debut, FY25 income is INR 4,036 crore
Brookfield is weighing a stock market listing of its gas pipeline platform, Energy Infrastructure Trust (EIT), in what could be among the largest public InvIT offerings in the energy transport space, people aware of the plan said on Friday. The Brookfield‑sponsored trust houses the East–West Pipeline acquired from Reliance Industries in 2019 and has appointed advisers to begin work on the proposed IPO, according to reports. The size is yet to be finalised, and the offer is likely to comprise both primary and secondary units, with proceeds earmarked for partial debt repayment at the trust level, the report added.
Energy Infra Trust InvIT follows a series of September block trades totalling over INR 1,800 crore, in which Brookfield’s Rapid Holdings 2 sold EIT units to a clutch of domestic wealth managers and institutions—seen as a test of local investor appetite ahead of a wider float. Buyers included Neo Wealth, 360 ONE, Ambit Wealth, LGT Wealth and Star Health, exchange data show.
EIT operates India’s first bi‑directional natural gas corridor, a 1,485‑km, 48‑inch line connecting production centres on the east coast to industrial markets in the west. With a rated capacity of 85 MMSCMD, the asset carries nearly 18% of the country’s transported gas volumes. A 20‑year pipeline usage agreement with Reliance Industries provides contracted capacity and visibility on cash flows, the report noted.
For FY25, EIT reported total consolidated income of INR 4,036 crore and distributed INR 1,141 crore to unitholders, yielding 19.26%—the highest among Indian InvITs, per published disclosures. The trust’s latest annual report also pegged NAV at INR 88.35 per unit.
Formerly known as India Infrastructure Trust, EIT acquired the East–West Pipeline for about INR 13,000 crore in 2019 and has since refinanced portions of the acquisition debt via non‑convertible debentures. The trust confirms the renaming on its website; earlier background on the acquisition and refinancing was disclosed in exchange and media filings.
Energy Infra Trust InvIT comes amid a broader shift of privately placed InvITs towards the public markets as sponsors seek a deeper investor base and liquidity. Recent reports indicate other large sponsors, including KKR and I Squared, are advancing public InvIT plans; overall, InvITs and REITs have been gaining ground as mainstream yield assets in India.
Final Words
EIT InvIT public listing signals a major step for India’s energy-transport market, offering investors a high-yield utility asset while highlighting risks around tariffs, volumes and debt. Stronger finances could enhance pipeline reliability, and a marquee InvIT listing would further deepen India’s growing yield market in the years to come ahead.
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