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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

Topics
Power Grid Corporation of India | PGCIL | Stock Market

Devangshu Datta 



power, electricity, power grid
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

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.

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First Published: Fri, September 16 2022. 21:31 IST

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