Power Grid of India (POWERGRID) — concall transcript

📢 Key Event
Power Grid achieved Rs. 3 lakh crore market cap on 21 May 2024, exceeding FY24 CapEx target of Rs. 8,800 crore with Rs. 12,500 crore actual spend.

🔄 What Changed
Rs. 12,500 crore CapEx achieved vs Rs. 8,800 crore target; 99.85% system availability maintained; 13 ISTS TBCB projects won; green energy corridors approved; 0.28 tripping rate recorded.

🔮 What's Next
Targeting 1.9 lakh crore transmission investment by 2032; 50% non-fossil capacity by 2030; net zero by 2047; $1.68 trillion global transmission investment estimate by 2050.

💡 Investor Takeaway
The company is executing aggressively on transmission expansion with strong financial discipline, supporting India's energy transition goals while maintaining shareholder returns.

Power Grid Corporation of India announced it surpassed a Rs. 3 lakh crore market cap on 21 May 2024, driven by Rs. 12,500 crore CapEx achievement against an Rs. 8,800 crore target and 99.85% system availability. The company secured major transmission wins including 13 ISTS TBCB projects and green energy corridor approvals, while maintaining 0.28 tripping rate. FY24 revenue reached Rs. 45,815 crore with Rs. 15,475 crore profit, supporting a 68% dividend payout. Strategic focus remains on India's energy transition, targeting 50% non-fossil capacity by 2030 and net zero by 2047, with international interconnections advancing.

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About Power Grid Corporation of India Ltd (POWERGRID)

Power · Power Generation & Distribution · Listed on BSE

Market Cap: ₹2,48,791.15 Cr P/E: 15.6 ROE: 15.8% ROCE: 10.5% Div Yield: 5.05%

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🔥 Also filed on 31 March 2024

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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