Power Grid Corp is expecting a capex target of Rs 25,000 crore for fiscal year 2017-18, after it posted a stable set of earnings for the third quarter of FY17.
Power Grid Corporation of India Limited (PGCIL) evinced interest in investing in power transmission lines in Telangana.
Shares of Power Grid Corporation of India advanced more than 3 percent intraday Monday. Brokerage house Nomura maintained its buy rating and target price of Rs 174 on the stock.