Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 & H1 FY27: Transmission lines commissioned 2,616 km, 25,100 MVA capacity - CapEx guidance raised to ₹37,000-40,000 Cr; capitalization ₹25,000-30,000 Cr for FY27 - Order book ₹2.2 lakh Cr; large HVDC and synchronous condenser projects underway - Data centre pilot commissioning imminent; plans for more centres underway - Battery Energy Storage Systems (BESS) integrated under Section 62 route; regulatory approvals in place - Right-of-way issues easing with market-based land compensation guidelines; no project delays reported - Competitive bidding increasing, but POWERGRID confident of maintaining strong returns - Transmission project timelines extended from 18 to 24-30 months for new projects - HVDC pipeline: 22 projects, ~127 GW planned; awards expected from FY28 - Commodity price variation clauses protect returns; price decreases benefit POWERGRID - Robust collections with receivables at 10.54 days; telecom and consultancy revenues growing