ICICI Direct's research report on Power Grid
Power Grid is India’s largest power transmission utility with transmission lines of 172662 ckt km and 485750 MVA of transformation capacity. Power Grid transmits about 50% of total power generated in India on its transmission network • It also undertakes transmission related consultancy to more than 150 domestic clients and owns & operates 71673 km of telecom network.
Outlook
Maintain HOLD rating on the stock. We value the stock at Rs 233 at 1.9x FY24E book value.
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