Power grid – a superior alternative to Invits

This may be a rerating candidate –

1. 95% of the equity is regulated equity i.e. earning a fixed 15.5% ROE on the equity.
2. profits from TBCB project – Rs. 1300 crore revenue and around 400 crore profit.
3. Data centres, smart meters may become significantly bigger for the company from the current 2%.
4. While people focus on proxy plays like transformers etc. Power Grid is the main implementing company and available a lot cheaper than proxy plays.
5. Dividend yield as usual like other PSUs.