04-Nov-2026 08:37:06

CITI ON POWER GRID ; BUY | TARGET ₹335 (EARLIER ₹360)

• Hikes FY27 capex guidance to ₹37,000–40,000 CR; cuts capitalisation guidance to ₹25,000–30,000 CR. • Transmission projects worth ₹2.2 LAKH CR under execution. • Bidding pipeline of ₹67,200 CR supports future order visibility. • Right-of-way delays remain a near-term concern; project commissioning and order conversion are key catalysts.

POWER GRID CORP. LTD.

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