Monetization through Securitization of Cash Flows as an Innovative Financing Mechanism for development of Infrastructure Projects in India

India’s power sector is undergoing an unprecedented transformation, driven by rising energy demand, technological advancements, and the government’s commitment to achieving a sustainable and resilient grid. Significant capital investment is envisaged for capital intensive infrastructure development. Traditional financing mechanisms increasingly face constraints from sectoral exposure limits and prolonged capital lock-in periods. This paper presents a comprehensive case study of successfully monetizing operational transmission assets through securitization of future receivables, enabling a major transmission utility to raise approx. Indian