POWER GRID Q1 CONCALL: MAINTAINS ₹37,000 CR CAPEX; ₹1.75 LAKH CR WORKS IN HAND ⚡️📈 $POWERGRID • 💰 Maintains FY27 capex guidance of ₹37,000 Cr and capitalization target of ₹30,000 Cr • 🏗️ Q1 capitalization stood at ₹5,277 Cr, supporting confidence in achieving full-year guidance • 📚 Works in hand at ₹1.75 lakh Cr — including ₹1.46 lakh Cr TBCB and ~₹25,000 Cr RTM projects • 🚀 Near-term opportunity pipeline at ₹1.19 lakh Cr, including ₹73,875 Cr currently under bidding • ⚡️ Long-term transmission investment opportunity estimated at ₹15 lakh Cr+ • 🌱 Government's 900+ GW non-fossil capacity target by 2035-36 could require ~₹7.9 lakh Cr transmission investment • 💧 Northeast hydro development represents another ~₹6.4 lakh Cr transmission opportunity • 🖥️ Data centres and green hydrogen/ammonia expected to emerge as major new power-demand drivers • 🌏 Exploring international grid connectivity with Sri Lanka & Myanmar under the One Sun, One World, One Grid initiative

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