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Valuations factor in multiple positives for Power Grid Corporation

Brokerages are positive given growth prospects, falling debt levels and high dividends

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PGCIL has signed an agreement with Reliance Industries (RIL) to build a dedicated transmission line from Jam Khambaliya to RIL’s Jamnagar facilities at a project cost of Rs 250 crore

Devangshu Datta

3 min read Last Updated : Sep 16 2022 | 10:39 PM IST

Power consumption is strongly correlated with economic growth and the power sector is likely to see steady expansion. Demand in 2021-22 had surpassed its pre-Covid-19 level in 2019-20 and this year is setting new records.

The Central Electricity Authority’s (CEA) Draft National Electricity Plan (NEP) projects over 466 gigawatt (GW) of net capacity addition in the next decade. While thermal coal will remain the major contributor, renewables (which are at 15-16 per cent contribution to generation in 2022-23) will play an increasing role. There are concerns over huge dues of Rs 1.37 trillion owed by distribution companies and there are

Topics : Sensex Stock Market Power Grid Corporation of India PGCIL Q1 results Power Transmission share market power companies stock market trading BSE NSE Markets watch Market news

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