As part of our Wealth Creator Series , today we look at Power Grid. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.
Power Grid has a monopoly over long-distance high voltage power transmission in the country. With a capacity of over 80,000 km (length of circuits in km), the company carries around 55 per cent of India's power supply. It is mandated to earn a fixed RoE of 15.5 per cent and thus affords earning visibilty. Verticals like telecom and consulting, whose returns are not regulated, help enhance its returns.
To read about how we arrived at the list click here. To read about stocks from the Wealth Creator List, click here.
This article was originally published on August 10, 2012.
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