Main interest in charging infrastructure for electric cars & battery storage: Power Grid

In an interview to CNBC-TV18, IS Jha, CMD, Power Grid Corporation of India gave an update on the talks for charging electric cars, the latest happenings in his company and sector.

Power Grid has the main interest in charging infrastructure for electric cars and battery storage because it is similar to our business, he said.

On guidance, he said, we have the capital expenditure (capex) plan of Rs 25,000 crore in this year. The capex programme was not affected by goods and services tax (GST), he added.

We are going to commission about Rs 28,000-30,000 crore project in this year, said Jha.

This year, we are going to meet the target of the requirement of Maharatna company, he further mentioned.

For full interview, watch accompanying video...