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Goldman Sachs upgrades Power Grid to 'buy'
13 Mar 2013, 08:54 AM IST
Goldman Sachs upgraded India's Power Grid Corporation to 'buy' from 'sell', citing inexpensive valuations.
The investment bank sees higher visibility for the company on execution of projects worth $20 billion in the next 5 years, while also benefiting from the $100 billion capex that may arise from transmission and distribution of power, for the 12th and 13th five-year Plan.
Copyright @ Thomson Reuters 2013
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