The Centre’s thrust on bolstering the transmission network augurs well for the company

The stock of Power Grid Corporation of India has had a stellar run, doubling in the past three years. The company’s strong business model, nearly three decades of experience in transmission, healthy financials and order-book position, have driven performance. At the current price of ₹202, the stock is trading at 15 times trailing 12-month earnings, a tad higher than its three-year historical aver...