June 2, 2012
There are very few companies in the utility space, which have come close to achieving their capacity addition targets for the 11th Five Year Plan (FY08-12). Power Grid Corporation is among the few to have done so. It has incurred Rs. 54,000 crore of capital expenditure in the 11th Plan as against the target of Rs. 55,000 crore. More important, its achievement gives some confidence to the market about the company’s ambitious target of achieving capex of Rs. 100,000 crore in the 12th Plan (FY13-17).