Power Grid targets a revenue growth of over 30% in FY17

Power Grid's capitalisation in the first half of current fiscal was at Rs 11,000 crore, says company's Director Projects and Additional Charge CMD, IS Jha. He continues to keep a target of Rs 28,000-30,000 crore for capitalisation in FY17.The company also targets a revenue growth of over 30 percent in FY17.Power Grid has kept a check on its operational costs by introducing automation in various operations, says Jha. He says the margins are cyclical in nature and may not sustain at current levels in the next quarter.Watch video for more...