Power Grid's Q2 earnings came bang in line with estimates with a mild surprise on margins despite higher employee costs. In an interview to CNBC-TV18's Yash Jain, IS Jha, CMD, Power Grid spoke about the results and his outlook for the company.
Power Grid was under pressure on bourses last week as the street factored in lower return on equity (RoE) after the Central Electricity Regulatory Commission (CERC) proposed to reduce regulated RoE for renewables.
Speaking to CNBC-TV18 IS Jha, CMD of Power Grid said the company has projects worth Rs 1 lakh crore in hand and they look forward to invest the projects in the next 3-4 years.
IS JHA, CMD of Power Grid told CNBC-TV18 that the company has already planned funding for its Rs 23,000 capex target.
In an interview with CNBC-TV18, IS Jha, Chairman and MD, Power Grid Corp of India, talked about the company's first quarter earnings and the company's order book position ahead.
Speaking to CNBC-TV18, IS Jha, CMD of Power Grid said that the company aims more than Rs 30,000 crore worth of projects to be commissioned in FY17 and expects revenue to improve with more commissioning.
State-owned Power Grid Corporation of India Ltd (PGCIL) reported a 20.54 percent rise in its standalone net profit at Rs 1,448.04 crore for the quarter ended September 30 on higher income from operations.