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₹1.86 Lakh Crore Green Corridor Push Opens Transmission Opportunity
India is building more solar and wind power, but that electricity needs wires and substations to reach people.
The government approved a large plan to expand those parts of the power grid.
The plan has a total budget of ₹1.86 lakh crore and aims to help move up to 135 gigawatts of renewable power by FY33.
The article looks at three companies that work on power lines and related projects.
KEC has a large transmission order pipeline, but its latest quarterly profit fell.
Power Grid has many projects underway and plans substantial spending on new assets.
Kalpataru reported higher quarterly profit and a large backlog of orders.
The article says their opportunity depends on delivering projects, improving finances where needed, and turning plans into operating assets.
It presents the companies for investors to watch, not as investment recommendations.
India approved Green Energy Corridor Phase-III with a total outlay of ₹1.86 lakh crore, including ₹1.36 lakh crore for intra-state transmission.
The scheme aims to support evacuation of up to 135 GW of renewable energy by FY33.
KEC International reported a T&D order book plus L1 position above ₹25,000 crore, while its Q1FY27 net profit fell 42% to ₹73 crore.
Power Grid Corporation of India had ₹1.75 lakh crore of active projects and guided for ₹37,000 crore of FY27 capital expenditure.
Kalpataru Projects International reported a ₹66,607 crore total order book, including ₹29,609 crore in T&D, and Q1FY27 net profit growth of 46%.
- Who
- The Indian government and transmission-sector companies KEC International, Power Grid Corporation of India, and Kalpataru Projects International.
- What
- Approval of Green Energy Corridor Phase-III and the resulting transmission-sector opportunity.
- Where
- India.
- When
- The scheme is intended to support renewable-energy evacuation by FY33; the company results cited are for Q1FY27.
- Why
- To expand transmission capacity so renewable electricity can be moved from generation sites to consumers.
Key facts
- Total scheme outlay
- ₹1.86 lakh crore
- Intra-state transmission allocation
- ₹1.36 lakh crore
- Renewable energy evacuation target
- Up to 135 GW by FY33
- KEC T&D order book plus L1 position
- More than ₹25,000 crore
- Power Grid active projects
- ₹1.75 lakh crore
- Power Grid FY27 capex guidance
- ₹37,000 crore
- Kalpataru total order book
- ₹66,607 crore
Sources
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