Power Grid of India (POWERGRID) — concall transcript

📢 Key Event
Power Grid reported Q2 2024 operational milestones and awarded transmission projects amid strong capex growth plans.

🔄 What Changed
Commissioned 1500 MVA capacity across 11 sites and secured major projects like Khavda, with capex rising to ₹25,000-30,000 crore next fiscal.

🔮 What's Next
Targeting ₹3 lakh crore+ transmission capex by 2032 with 85-90% allocated to inter-state projects.

💡 Investor Takeaway
Strong execution and project wins position Power Grid as a key beneficiary of India's energy transition with regulated returns supporting growth.

Power Grid Corporation of India Ltd highlighted robust execution in Q2 2024, commissioning 1500 MVA units across multiple sites and winning key transmission projects including Khavda and Rajasthan Phase 4. Management emphasized strong project pipeline with ₹18,000 crore capex this fiscal rising to ₹25,000-30,000 crore next year, targeting ₹3 lakh crore+ transmission investment by 2032. Financials showed 99.80% system availability and 0.17 tripping rate, though EESL JV posted a ₹100 crore loss due to delayed receivables. Awards recognition underscored industry leadership in sustainable energy transition.

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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 30 September 2024

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