CMP : 132Target Price : 165
For 2QFY2016, Power Grid Corporation of India (PWGR) reported a 16.8% yoy
increase in transmission revenues to Rs4,708cr, which is 3.5% below our estimate
of Rs4,878cr, on account of lower than expected capitalisation. For the quarter,
capitalisation stood at Rs5,053cr, well below our estimate of Rs6,246cr.
Capitalisation was expected to .. View As PDF