Goldman Sachs upgraded 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.
(Published 13 March 2013, 03:51 IST)