MUMBAI (Reuters) - Goldman Sachs upgraded Power Grid Corporation to "buy" from "sell", citing inexpensive valuations.
The investment bank sees higher visibility for the company on execution of projects worth $20 billion in the next 5 years, while also benefiting from the $100 billion capex that may arise from transmission and distribution of power, for the 12th and 13th five-year plan.
(Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Anupama Dwivedi)
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