Power Transmission

India to spend over Rs 9 trn on power transmission infra by 2032: Govt

A total expenditure of Rs 9.12 lakh crore has been planned to augment power transmission infrastructure capacity in the country by 2032, according to Union Minister Shripad Yesso Naik. The National Electricity Plan (Transmission) covers the transmission plan till 2031-32, said Minister of State for Power Shripad Yesso Naik in a written reply to the Rajya Sabha on Monday. As per the Plan, 1,91,474 circuit kilometres (ckm) of transmission lines and 1274 Giga Volt Ampere (GVA) of transformation capacity would be added (at 220 kV and above voltage level) in the 10-year period from 2022-23 to 2031-32. In addition, he stated that 33.25 GW of High Voltage Direct Current (HVDC) bi-pole links are also planned. The inter-regional transmission capacity is planned to increase to 143 GW by 2026-27 and further to 168 GW by 2031-32, from the present level of 119 GW. The Plan also highlights new technology options in transmission, cross-border interconnections and private sector participation in

Rs 4 trillion transmission infra required to meet 2027 power demand: CEA

The report also provided broad estimates of the power demand and transmission requirements between 2027 and 2032, with a larger role being played by RE-rich regions

Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson

It will focus on all aspects of power sector generation, transmission and distribution, Prasad said, adding that sufficient capacities are being added in the country to meet the future demand

L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia

As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia

MCA-Nepal signs contract for cross-border power transmission line to India

Nepal on Friday signed a USD 12.36 million contract for a critical 18 km cross-border electricity transmission line, a crucial part of the broader Electricity Transmission Project that will deepen energy cooperation with India. Signed under the Millennium Challenge Corporation (MCC) Nepal Compact, the 18 km transmission line project, with three sub-stations, will help Nepal achieve its domestic power goals and reinforce Nepal's position in the regional energy market, officials said. As MCA-Nepal marks the first anniversary of the Compact's Entry-Into-Force, this new milestone reflects the unwavering commitment from all stakeholders to enhancing regional energy trade between Nepal and India, read a statement by the Millennium Challenge Account (MCA) Nepal. The Millennium Challenge Corporation (MCC) Nepal Compact is jointly funded by the government of Nepal and the US government. The MCC was created by the US Congress in January 2004 with strong bipartisan support. The contract, ...

Renewables, transmission to fuel power sector investment: Moody's

India needs $190-215 bn for 500 Gw renewable goal by 2030

CESC Ltd Q4 result: PAT declines 7% to 415 cr, total income at Rs 3,460 cr

CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing. The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23. During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago. For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said. The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024. CESC is into generation, transmission, and distribution of electrical power.

Sterlite Power gets stakeholders' nod to demerge transmission business

Sterlite Power Transmission Ltd (SPTL) on Thursday said it has received shareholders' nod to demerge its transmission business. The demerged transmission infrastructure is to be housed under Sterlite Grid 5 Ltd, and the global products and specialised EPC services will continue to remain under SPTL to pursue independent growth strategies. "Sterlite Power receives stakeholders' approval for demerger of transmission business from SPTL. The vote on the demerger proposal received 100 per cent approval from secured creditors, 99.26 per cent approval from unsecured creditors, 99.99 per cent from equity shareholders present and voting, and 100 per cent by the non-fund-based lenders," the company said. The simplified structure will allow each entity to attract capital pool tailored to its requirements. The transmission business can target long-term, patient investors seeking predictable cash flow, while SPTL, focusing on Global Products & Services (GPS) business, can attract capital ...

KEC International soars 9%; hits new high on winning Rs 816 cr new orders

With these new orders, the company's total order intake for FY24 rose to Rs 18,102 crore.

Sterlite Power, GIC to partner for developing power transmission projects

Sterlite Power and global investment firm GIC will set up a joint venture for developing and operating power transmission projects in India, a statement said on Wednesday. The joint venture (JV) will focus on developing and operating power transmission projects in the country. Private power transmission developer Sterlite Power will own the majority 51 per cent stake and GIC will own the remaining 49 per cent shareholding, the statement said. Sterlite Power and an affiliate of GIC have announced the signing of definitive agreements to set up a new platform to develop and operate power transmission projects in India. This JV signals global confidence in India's growth vision, Sterlite Power Managing Director Pratik Agarwal said in the statement. "With GIC as our partner, we are poised to play a leading role in India's transmission sector, starting with the USD 13 billion bid pipeline," he added. Ang Eng Seng, Chief Investment Officer of Infrastructure at GIC, said India is a key .

Skipper Q3 results: Profit rises two-fold to Rs 20 cr on higher income

Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income. It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing. Total income surged to Rs 803.8 crore from Rs 446.0 crore a year ago. Expenses were at Rs 777.4 crore as against Rs 436.6 crore in the third quarter last fiscal. Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment.

GE T&D Q3 results: Net profit jumps 49% to Rs 49.4 cr, revenue up 8%

GE T&D India on Monday posted a steep rise in net profit to Rs 49.4 crore in the December quarter mainly on the back of higher revenues. The company posted an 8 per cent rise in revenue to Rs 840 crore in the quarter, the company said in a release. Profit After Tax was at Rs 49.40 crore, against Rs 4.7 crore in the Quarter Ended (QE) December 2022, the company said. The order bookings were Rs 2,370 crore, up 204 per cent compared to Rs 780 crore in Quarter Ended (QE) December 2022. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said in the statement, "As the pace of global energy transition accelerates with India spearheading the shift, our Q3 order book reflected a surge in demand - both in terms of domestic and exports. This, combined with our unwavering focus on optimization and strong order execution paved the way for improvement in profitability and the company becoming debt-free." GE T&D India is a leading player in the power transmission and ...

Adani Energy Solutions commissions 765 KV Warora-Kurnool Transmission line

Warora-Kurnool Transmission is the largest 765 kV D/C (hexa conductor) TBCB (tariff-based competitive bidding) project ever awarded under a single scheme

PTC India plans to provide 24x7 power trading solutions: CMD Mishra

PTC India is planning to provide round-the-clock (RTC) power offerings by "blending" green energy with thermal, its CMD Rajib Kumar Mishra has said. The offerings will also include storage solutions, the official made the remarks at the company's 24th Annual Day in the national capital. "PTC India stands strong and focused on taking up market risks and positions. Focused on crafting innovative solutions and acting as virtual power plants, PTC India aims to provide round-the-clock power offerings by blending renewable energy with thermal generation and storage solutions," Mishra said on Friday. PTC is a public-private partnership with major PSUs of the power ministry as promoters. It undertakes trading activities that include long-term trading of power generated from large power projects as well as short-term trading. The CMD further said, "that innovation has been our driving force. We leverage advanced data analytics to optimize operations and offer the best solutions". The compa

Transmission planning should take renewable energy into account: Minister

R K Singh told officials that by 2030, the country's installed power capacity is likely to grow to over 777 GW

Govt to offer Rs 75,000 cr power transmission projects to private firms

Last month, the National Committee on Transmission (NCT) convened with a draft agenda of projects worth Rs. 64,000 crore

India eyes cap on state transmission charges on green power purchase

Industrial and commercial consumers across the country have complained about various transmission charges levied by states on power purchase leading to higher costs

Kalpataru net profit up by nearly 22% at Rs 140 cr in March quarter

Kalpataru Power Transmission on Monday posted a nearly 22 per cent rise in consolidated net profit to Rs 140 crore for the March 2023 quarter, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 115 crore in the year-ago quarter, a BSE filing showed. The total income rose to Rs 4,896 crore in the quarter from Rs 4,169 crore a year ago. For the full 2022-23, its consolidated net profit dipped to Rs 435 crore from Rs 535 crore in the preceding fiscal. The total income in the fiscal under review also rose to Rs 16,401 crore against Rs 14,866 crore. The board in its meeting on Monday also recommended a final dividend of Rs seven per equity share of the face value of Rs two each fully paid up (i.e. 350 per cent) for the financial year ended March 31, 2023, subject to approval by shareholders at ensuing annual general meeting (AGM). The company will inform, in due course, the date on which it will hold the AGM for 2022-23 and the date from which ..

L&T's power transmission biz bags significant orders in India, overseas

Homegrown Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution business has won significant orders in the domestic and overseas markets. The infrastructure major did not disclose the financial details of the projects. However, according to its classification, significant orders value in the range of Rs 1,000-2,000 crore. The power transmission & distribution (PT&D) business of Larsen & Toubro (L&T) Construction has recently secured EPC orders in India and overseas, the firm said in a statement. "The business has secured orders to develop distribution infrastructure in two discom circles of western Rajasthan. It also bagged a power supply system order for the second phase of Chennai Metro. In the overseas market, the business won an order to supply, construct, test and commission a 132kV substation in the UAE," it said. Under the umbrella of the Reforms-based Results-linked Distribution Sector Scheme (RDSS), distribution utilities in the

27,000 ckm of power transmission lines to be added by 2024-25: Govt

This addition has been proposed in the Inter State Transmission system (ISTS) network at 220kV and above voltage level