{"id":128204,"date":"2022-03-10T06:01:29","date_gmt":"2022-03-10T11:01:29","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128204"},"modified":"2022-10-05T06:24:42","modified_gmt":"2022-10-05T10:24:42","slug":"power-grid-corporation-of-india-ltd-q3-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/power-grid-corporation-of-india-ltd-q3-fy22-earnings-conference-call-insights\/","title":{"rendered":"Power Grid Corporation of India Ltd Q3 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Power Grid Corporation of India Ltd Q3 FY22 Earnings Call\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/sLRIRym0ceE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Power Grid Corporation of India Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/POWERGRID\/\">POWERGRID<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Mohit Kumar asked if the company\u2019s capex target changed for FY23 after the new identified cost plus element. K. Sreekant, MD replied that it is under review and the company is looking to increase it. It will be up at least by INR1,000 crore. \u00a0For the current year, the company has targeted INR7,500 crores.<\/li>\n<\/ul>\n<ul>\n<li>Mohit Kumar also asked about the bidding activity under smart metering and when this line of business is expected to see the momentum. K. Sreekant, MD replied that the government has identified about INR[30] crores to be done by the CPSUs through MOU routes; those discussions are in progress. The company believes there is potential.<\/li>\n<\/ul>\n<ul>\n<li>Mohit Kumar asked if the company is looking to monetize other assets in the next fiscal. K. Sreekant, MD replied that in the NMP pipeline the company has a target and a trajectory given which it will be following. The only deviation likely is that this year, POWERGRID has another 26% in one of the companies to be monetized in February.<\/li>\n<\/ul>\n<ul>\n<li>Devanshu asked if the investment towards setting up solar power generation transmission system as well as smart metering etc. be on regulated ROE regime and if not the payback period for such investments. K. Sreekant, MD said that the smart metering system is having a life of about 7.5 months operation and 2.5 years construction.<\/li>\n<\/ul>\n<ul>\n<li>Deepika Mundra asked that the pipeline of transmission projects, why there is no change from INR26,000 crores despite some green energy corridor and interstate projects getting Cabinet approval. K. Sreekant MD said that most of those are in the intrastate segment. What the Cabinet has approved the green corridor is the intrastate segment and that is what is going to be built by the utilities themselves. Therefore, a limited amount of that may come to the TBCB market.<\/li>\n<\/ul>\n<ul>\n<li>Deepika Mundra also asked when is the INR6,000 crore of smart metering capex to commence and duration of the capex? K. Sreekant MD replied that smart metering investment is most likely to come in the next financial year. And in \u201922-\u201823, \u201923-\u201824, is where it\u2019s seen to be panning out.<\/li>\n<\/ul>\n<ul>\n<li>Deepika Mundra asked about any update on distribution strengthening investment for 33 KV lines. K. Sreekant MD answered that on the ground, there is not much of a progress. Now the schemes are getting approved under the RDSS. It will still take some more time before these schemes are coming to ground because they were to submit all their schemes by December.<\/li>\n<\/ul>\n<ul>\n<li>Apoorva Bahadur enquired about the size of the storage component in Leh tender for the transmission line. K. Sreekant MD replied that 1 gigawatt hours is the size of the capacity.<\/li>\n<\/ul>\n<ul>\n<li>Apoorva Bahadur also asked about on the future storage tender, if the company would go for stand-alone storage projects as well or stick to transmission lines. K. Sreekant MD answered that the recent guidelines of the government have made storage very neutral and made it an independent storage service provider also. So as POWERGRID gain experience in this, the company will look at those opportunities.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Natrajan asked about the size of the Leh transmission project and how much of that will be added to work in hand. K. Sreekant MD said the Leh transmission project is about INR26,000 crore and once approved that will add to the work in hand. It\u2019s a five year kind of project.<\/li>\n<\/ul>\n<ul>\n<li>Sudeep Mitra enquired that over the next 2-3 years, what kind of a ballpark number could be added to the basket of INR 21,000 crores that could come under the TBCB pipeline. K. Sreekant MD replied that around INR15,000 crores kind of transmission investment can be expected on an annual basis.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Power Grid Corporation of India Ltd (POWERGRID) Q3 FY22 Earnings Concall Q&amp;A Highlights: Mohit Kumar asked if the company\u2019s capex target changed for FY23 after the new identified cost plus element. K. Sreekant, MD replied that it is under review and the company is looking to increase it. It will be up [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753,12],"tags":[9731,8245],"class_list":["post-128204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","category-other-industries","tag-power-transmission","tag-utilities"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":127994,"url":"https:\/\/alphastreet.com\/india\/pnc-infratech-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":0},"title":"PNC Infratech Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 25, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=43SmcRnqYy0 Key highlights from PNC Infratech Limited (PNCINFRA) Q3 FY22 Earnings Concall Management Update: PNCINFRA commented that given the strong pipeline of upcoming projects from NHAI and MORTH, its focus area would continue to be the road sector. Q&A Highlights: Vibhor Singhal from Phillip Capital asked about reasons for weak\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142296,"url":"https:\/\/alphastreet.com\/india\/india-grid-trust-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":1},"title":"India Grid Trust Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 21, 2023","format":false,"excerpt":"Key highlights from India Grid Trust (INDIGRID) Q3 FY23 Earnings Concall Management Update: [00:06:17] INDIGRID said that it expects transmission network in India to expand substantially due to the general load growth and the country\u2019s efforts towards energy transition. [00:08:12] On reliability, INDIGRID said it achieved 0.08 trips per-line in\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127831,"url":"https:\/\/alphastreet.com\/india\/nlc-india-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":2},"title":"NLC India Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 23, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=wKg5zdfI1UU Key highlights from NLC India Ltd (NLCINDIA) Q3 FY22 Earnings Concall Q&A Highlights: Rahul Modi from ICICI Securities asked about the company\u2019s targets in the renewable, solar and wind space going forward and the opportunity size. Rakesh Kumar MD said that in renewable segment, an installed capacity of 1,421\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":129434,"url":"https:\/\/alphastreet.com\/india\/dcb-bank-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":3},"title":"DCB Bank Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/eyGPHcD05o8 Key highlights from DCB Bank Limited (DCBBANK) Q4 FY22 Earnings Concall Management Update: DCBBANK said it is continuing to build frontline capacity to put the growth in a higher trajectory. The intention is to double the balance sheet in 3-4 years. Q&A Highlights: Darpin Shah from Haitong Securities asked\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127724,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":4},"title":"Everest Kanto Cylinder Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 18, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=WeWHmV2v2ZQ Key highlights from Everest Kanto Cylinder Limited (EKC) Q3 FY22 Earnings Concall Management Update: EKC\u2019s brownfield expansion initiatives have increased production capacity in India to about 1 million cylinders annually. The second phase of brownfield expansion is expected to complete by 2Q23. EKC acquired 53 acres of land parcel\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130644,"url":"https:\/\/alphastreet.com\/india\/ntpc-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128204,"position":5},"title":"NTPC Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 15, 2022","format":false,"excerpt":"https:\/\/youtu.be\/s0Dh-T6nmhs Key highlights from NTPC Limited (NTPC) Q4 FY22 Earnings Concall Management Update: NTPC said it generated 361 billion units and recorded highest ever annual generation in FY22 vs. 314 billion in FY21, up 15%. Q&A Highlights: Mohit K of DAM Capital asked about the status of monetization of the\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128204"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}