InvIT Structure
TRUST PROFILE
GSC Renewable Energy Trust paves the way for India’s Infrastructure development.
Golden State Capital Renewable Energy Trust invests a minimum of 80% in infrastructure projects. The Trust is also responsible for evaluating performance of an InvIT and must be certified by SEBI.
The Trust initial portfolio of assets comprised of two operational hydro power projects, aggregating to 200MW Capacity with Annual Gross generation of ~900 Mus in the state of Sikkim.


Four elements of
InvIT Trust
- 01Trustee
Axis Trustee Services Private Ltd (ATSL). ATSL is a debenture trustee registered with SEBI under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, having registration number IND000000494
- 02Sponsor
Name – Hydreq Pte Ltd Date of incorporation – 6th August 2011 Registered Office – 31, Tanglin Road, #03-04, St. Regis Residences Singapore-247912
Hydreq Pte Ltd (“Hydreq”), Singapore is the sponsor of the Trust, and it is a regional hydro power developer, owner, and operator. In India, Hydreq along with its subsidiary GSC Commercial Asset One LLP (GSC) holds 100% ownership in DANS Energy Consulting Pvt Ltd (“DECPL”), which has developed two run-of- river hydroelectric power generation facilities in Sikkim, Northeast India.
- 03Investment Manager
Name – GSC Investors Advisors Pvt Ltd Date of incorporation – 07 September 2015 Registered Office – B-1/E-24, Mohan Co-operative Industrial Area, Mathura Road, Badarpur (South Delhi), New Delhi -110044
GSC Investors Advisors Pvt Ltd is a private limited company incorporated under the provisions of Companies Act, 2013, and is the investment manager of Golden State Capital Renewable Energy Trust. GSC Investors Advisors is into the consultancy business of Infrastructure and Real estate projects.
- 04Project Manager
Name – Hydreq Power India Pvt Ltd
Date of incorporation – 23rd October 2015
Registered Office – CorporatEdge, Level 1, Tower A Building No. 10, DLF Cyber City, Phase 3 Gurgaon HR 122002 INHydreq Power India Pvt Ltd is a private limited company incorporated under the provisions of the Companies Act, 2013. It is a 99.999% subsidiary of Hydreq Pte Ltd. Hydreq India was involved in the project construction and operations of 96 MW Jorethang Project and 97 MW Tashiding Project. Hydreq Power India is the project manager of Golden State Capital Renewable Energy Trust.
- 01Trustee
Axis Trustee Services Private Ltd (ATSL). ATSL is a debenture trustee registered with SEBI under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, having registration number IND000000494
- 02Sponsor
Name – Hydreq Pte Ltd
Registered Office – 31, Tanglin Road, #03-04, St. Regis Residences Singapore-247912Hydreq Pte Ltd (“Hydreq”), Singapore is the sponsor of the Trust,
and it is a regional hydro power developer, owner, and operator.
In India, Hydreq along with its subsidiary GSC Commercial Asset
One LLP (GSC) holds 100% ownership in DANS Energy
Consulting Pvt Ltd (“DECPL”), which has developed two run-of-
river hydroelectric power generation facilities in Sikkim,
Northeast India.
- 03Investment Management
Name – GSC Investors Advisors Pvt Ltd
Registered Office – B-1/E-24, Mohan Co-operative Industrial Area, Mathura Road, Badarpur (South Delhi), New Delhi -110044GSC Investors Advisors Pvt Ltd is a private limited company
incorporated under the provisions of Companies Act, 2013, and
is the investment manager of Golden State Capital Renewable
Energy Trust. GSC Investors Advisors is into the consultancy
business of Infrastructure and Real estate projects.
- 04Project Manager
Name – Hydreq Power India Pvt Ltd
Registered Office – WeWork DLF Forun, Cyberity, Phase-III, Sector-24, DLF QE, Gurgaon, DLF Qe, Haryana, India, 122002Hydreq Power India Pvt Ltd is a private limited company
incorporated under the provisions of the Companies Act, 2013. It
is a 99.999% subsidiary of Hydreq Pte Ltd. Hydreq India was
involved in the project construction and operations of 96 MW
Jorethang Project and 97 MW Tashiding Project. Hydreq Power
India is the project manager of Golden State Capital Renewable
Energy Trust.