ICICI Direct's research report on Powergrid
Powergrid is India’s largest power transmission utility with transmission lines of 172662 ckt km and 485750 MVA of transformation capacity. Powergrid transmits about 50% of the 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
We Maintain HOLD rating on the stock. We value the stock at Rs 235 at 1.9x FY24E book value.
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