Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance

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Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance - Business Standard

Quick Summary:

The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.

Apart from this we are also actively pursuing opportunities in the intra-state transmission sector, Power Grid Corporation said in its FY24 annual report.

At 02:30 pm; Power Grid Corporation was top gainer among the BSE Sensex and Nifty 50 shares, quoting 4.5 per cent higher at Rs 330.60.