Power Grid is using network to improve national telecom connectivity

During FY18, the company had the highest ever capital expenditure of Rs 25,791 crore and its FY19 capex plan is similar

What does a company do after it has connected the whole country’s electricity grid? It uses the same network to improve national telecommunication connectivity. State-owned behemoth Power Grid Corporation of India is expanding in areas beyond its turf into telecom, railway electrification, state-level power infrastructure and overseas consultancy.

Despite the slowdown in the power sector, which has been troubled with bad loans, Power Grid has remained on a steady profitable path. Its profit in the past three years grew at a compounded annual growth rate (CAGR) of 17.6 per cent, and its return on net worth was 15.7 per cent