• The power grid is a PSU so the issue is the growth prospects are limited as the decision is not centralized by the government but is distributed. • Due to distributed decisions, it becomes a time-consuming process. • In Tata power, there are a lot of positives about the company because of solar focus and electric vehicles as well but there is also risk associated with it. As it is a very capital-intensive business. • IEX is only having the risk right now is about the regulations. • IEX is the largest power exchange in India and is having more than 95% market share. • As the government does not want only 1 power exchange they don’t want a monopoly and it is a private company.