Transmission

Improved collections are also translating into a drop in receivables, thereby improving financial outlook for power assets

India’s power transmission supply chain witnessing annual inflation of up to 20%: PowerGrid CMD

As a result, at least 50% cost of every transmission project is going on component procurement, said RK Tyagi, CMD of PowerGrid, a PSU with an effective executable order book of Rs 1.9 lakh crore.

Extended trading hours drive call money share to over 3% of money market

Historically, the share of call money volumes in the total turnover has remained in the range of 2-2.5 percent, however, in some instances, the share has increased to 3 percent due to higher demand for funds.

Wind turbine maker Envision Energy to open 3rd manufacturing unit in India

The company’s MD said that the union government's proposed mandate to localise within six months of the finalisation of guidelines for OEMs could jack up the price of wind turbines in India.

India puts an end to 100% waiver on inter-state transmission charges for solar and wind projects

'The waiver of ISTS charges will gradually be phased out until June 2028 for solar and wind projects. It is now time to boost other aspects such as battery energy storage and pumped hydro for which we are now offering 100% waiver in ISTS charges for 25 years,' a senior MNRE official told Moneycontrol.

Adani Energy in talks to acquire Megha Engineering’s transmission assets  

The deal talks have come at a time when there is a larger family settlement plan between MEIL’s founding duo - uncle-nephew pair P Pitchi Reddy and PV Krishna Reddy - as they restructure ownership of the construction conglomerate.

India announces Rs 5,400 crore funding scheme to build 30 GWh battery energy storage

The Central Electricity Authority (CEA) has estimated that India will need 37 GWh of BESS capacity by 2027, and 236 GWh by 2031-32. With the new VGF announcement India is poised to achieve a BESS capacity of 43.2 GW by 2027-28.

Resonia betting big on power transmission, to invest Rs 1 lakh crore by FY32: Chairperson Pratik Agarwal

Sterlite Electric expects a turnover of about Rs 6,500 crore in FY26 and plans to double in the next three to four years by expanding into high-end cable manufacturing, Agarwal has said

Govt approves transmission network for biggest hydropower plant on Indus river system

The approval was notified in a record 40 days. The government usually takes several months to issue such clearances for hydropower projects, a ministry official said.

National Electricity Plan pegs transmission capex at Rs 4.9 lakh crore for 2027-2032

India’s battery energy storage capacity is expected to be about 47 GW, against the current capacity of about 300 MW, the report said.

Power Grid raises capex to Rs 23,000 crore citing soaring electricity demand

For FY26, the capex will be in the range of about Rs 28,000-30,000 crore, up from Rs 20,000 crore as previously planned. For FY27, the Capex will be Rs 35,000 crore, instead of Rs 20,000 crore.

Cleantech manufacturing gets a boost in Budget 2025

Under cleantech manufacturing, equipment such as solar PV cells, EV batteries, motors and controllers, electrolysers and grid-scale batteries will be promoted, the minister has said

Budget 2025: Power players want the FM to energise the sector

CEOs hope that Union Finance Minister Nirmala Sitharaman will bring back the 15 percent corporate tax concession for new manufacturing units, including power plants. They also expect better incentives for domestic manufacturing and an extension of the waiver on Inter-State Transmission System (ISTS) charges for renewable projects.

Budget 2025: Fast expansion of India’s power transmission network should take centre stage, say experts

While the push for the Green Energy Corridors is likely to continue, industry leaders said the government must focus on incentive schemes to promote domestic manufacturing of transmission equipment and extend the waiver on transmission charges for the renewable sector.

Power Grid Corporation projects capex of more than Rs 2 lakh crore by 2032: MD Tyagi

Approximately 91% of the projected capital expenditure will be allocated to the transmission business, with the remaining funds reserved for other ventures.

Siemens India plans to invest Rs 519 cr for expansion of gas insulated switchgear factory in Goa, Metro train mfg unit in Aurangabad

The company plans to increase the capacity of its gas-insulated switchgear factory by around 23 percent to manufacture around 22,000 feeders from its Ring Main Unit and 1,500 panels from its medium-voltage gas insulated switchgear manufacturing unit for an investment of Rs 333 crore.

Siemens Oct-Dec net profit rises 9% to Rs 5,05.7 crore due to higher execution

The company's EBITDA margin fell nearly 170 basis points to 15.8 percent from 17.5 percent in the corresponding period a year ago.

Tata Power acquires Bikaner Transmission renewable energy project for Rs 1,544 crore from PFC

The transmission project, to be undertaken on a Build-Own-Operate-Transfer (BOOT) basis, is poised to facilitate the evacuation of 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan.

Exclusive: PowerGrid can start work on Leh-Kaithal Green Energy Corridor only by 2026

The project will be challenging because of the terrain and the climatic conditions, and is expected to take about five years to complete. It will form a major part of India’s green energy goal by the year 2030.

Govt approves Rs 20,774 crore for Ladakh-Kaithal power transmission line

After extensive field survey, the Ministry of New and Renewable Energy (MNRE) prepared a plan to set up 13 GW renewable energy generation capacity along with 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh

MC Explains: India inches a step closer to its One Sun One World One Grid mission

A task force set up by the Ministry of Power is examining the feasibility of interconnecting the regional grids of south-east Asia, south Asia, the middle east, Africa, and Europe for sharing renewable energy.

Bullish on India | Lot of global capital looking to tap Indian clean energy space: Sumant Sinha of ReNew

The India opportunity is so attractive right now, and the next 25 years are truly going to be India's years, says Sumant Sinha, founder, chairperson and CEO of ReNew. We'll need almost $500 billion just for the electricity sector over the next 7-8 years, he says.

Siemens' Q1 profit jumps 51% to Rs 456 crore due to margin expansion

Siemens' results surpassed analysts' expectations of a net profit of around Rs 442 crore for the quarter under review.

Power Grid Q1 profit falls 5.3%; Board approves bonus shares and fund raising

The company's Board also approved issue of bonus shares in the ratio of 1:3. Besides, it also approved to raise funds of up to Rs 12,000 crore in FY 2025 from the domestic market through bonds.

Govt proposes amendments to Electricity Rules, 2005 to make power sector financially sustainable

The proposed amendments to the Electricity Rules, 2005 are targeted interventions for issues ranging from discoms' financial health, transmission for upcoming green hydrogen and renewable energy plants, open access charges and unnecessary appeals in the APTEL, Alok Kumar, secretary, Ministry of Power, told Moneycontrol.