Year on year Sales growth topped 33% at Powergrid from a INR 24.6B to INR 32.43 B  turnover in September 2012 and all added to the net margin for the company which suffered a image disaster hen UP MP and eastern states seem to have bitten off more than they could chew from the grid. Resultant investments in the Grid will also benefit this company as private grid investment ramps up on Infra projects getting to financial closure under the new regime with the government under pressure to deliver on their own policy

Powergrid profits jumped nearly 60% from INR 709 Crs (7.09B) to INR 1,125 Crores ( INR 11.25 B). Annual sales run rate for Powergrid at INR 130Bln is still likely to gro at 20% + and future capacity increases will release higher growth in the topline as PPAs get renegotiated from historic prices

Posted via email from The India Investment Post