Maharatna PSU Powergrid projects capex of over ₹3 lakh crore by 2032
Government-owned Maharatna' Public Sector company,
Power Grid Corporation of India
Ltd (
POWERGRID
) on Wednesday said that the company's estimated
capex
outlay will reach ₹3,06,600 crore by 2032.
The capex outlay refers to the total amount of funds a company spends on projects or investments over a specific period. It also includes all expenses or expenditures related to operations, capital investments, or other financial commitments made by the company.
In its investor presentation, filed with the stock exchanges, the energy sector
PSU
said that its expected transmission business outlay by 2032 will be ₹2,99,100 crore, while other businesses' outlay will be around ₹7,500 crores.
Presenting the works currently undertaken by the PSU is ₹1,54,680 crore of work in hand, out of which ₹1,05,094 crore is of Tariff Based Competitive Bidding and ₹37,221 crore is for Real-Time Market (RTM), while the ongoing RTM of the company stands at ₹9,580 and ₹2,785 crore is in the others category.
The energy PSU said that capex was ₹28,000 crore in Financial Year 2025-26, while the capex estimation is ₹35,000 crore for FY 2026-27 and ₹45,000 crore for FY 27-28.
The company has set a sustainability target of about 50 per cent of electricity consumption from renewable energy sources by 2025.
It targets being net water positive by 2030 and aims to achieve zero waste to landfill status, the investor's presentation added.
The
Maharatna PSU
has achieved a 40.61 per cent reduction in Scope-1 emissions and a 5.23 per cent reduction in Scope-2 emissions. Scope 1 emissions represent the direct greenhouse gas (GHG) emissions generated from an organisation's owned or controlled sources.
According to the sectoral outlook presented by the power transmission giant, the economy will witness a huge expansion of Battery Energy Storage Systems (BESS), reaching 47 gigawatts by 2032. The piped hydro storage will touch the mark of 36 GW by 2032.
On the
clean energy
front, Powergrid says that India is expected to have 600 GW of non-fossil fuel power capacity by 2032. As part of this transition, the growing focus on green hydrogen is expected to significantly increase electricity demand, with an estimated additional requirement of around 71 GW by 2032 to support its production.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 hours ago
- Time of India
POWERGRID, PEC join hands to set up training & research centre
Chandigarh: Power Grid Corporation of India Limited (POWERGRID) has partnered with Punjab Engineering College (deemed to be university), Chandigarh, to set up a state-of-the-art POWERGRID Centre of Excellence at PEC. Tired of too many ads? go ad free now The centre will offer advanced training and research facilities in power and energy engineering, strengthening hands-on learning and industry-relevant skills for students and faculty. The MoU was signed Friday by POWERGRID ED Tarun Bajaj and PEC director Rajesh Kumar Bhatia in a ceremony attended by Chandigarh chief secretary Rajeev Verma, POWERGRID CMD RK Tyagi, and other senior officials. The centre will be developed at a cost of more than Rs 17 crore. This new facility aims to enhance PEC's electrical engineering curriculum through advanced labs focused on numerical relays, Phasor measurement units (PMUs), inverters, cybersecurity, e-mobility, and real-time simulation tools. It will provide students, researchers, and faculty hands-on experience in cutting-edge power sector technologies. Prof Bhatia thanked POWERGRID for supporting this initiative, which promises to boost research and learning opportunities at PEC. RK Tyagi, recalling his days as a PEC student, described the centre as POWERGRID's contribution to India's vision of a unified and modern power grid. Chief secretary Rajeev Verma said the centre will serve as a hub for innovation and contribute to India's goals for energy security and a sustainable, zero-emission future. POWERGRID, a Maharatna company under the ministry of power, operates a vast transmission network across northern India, including Punjab and Chandigarh, with a focus on technology-driven efficiency and reliability. The MoU is part of its CSR initiative.
Time of India
19 hours ago
- Time of India
Nidec inaugurates new manufacturing Orchard Hub campus in Hubli, Karnataka, celebrates next step in India growth strategy
Nidec Corporation ('Nidec'), the world's leading manufacturer of electric motors, generators, renewable energy solutions, and industrial machinery, proudly inaugurated its cutting-edge manufacturing campus, Orchard Hub, located in the Kotur-Belur Industrial Area of Hubli-Dharwad, Karnataka. The inauguration marks the launch of plant machinery and equipment installation across the six campus plants, paving the way for production to commence later this year. The inauguration ceremony was attended by Mr. M. B. Patil, Honourable Cabinet Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, along with Mr. Michael Briggs, President of Nidec Motion & Energy. With Mr. Nakane Tsutomu, Consul General of Japan in Bangalore and Mr. Marc Lamy, Consul General of France in Bangalore, also in attendance, the milestone celebrated Orchard Hub's significance at both regional and international levels. The completion of the Orchard Hub campus is a major achievement in Nidec's commitment to strengthening its presence in India. As Nidec's eighth and largest Indian manufacturing facility, the 50-acre campus underscores Nidec's dedication to supporting the region's industrial development and India's broader economic ambitions. The project's groundbreaking ceremony was held in September 2023, and the campus was completed in just 20 months—a testament to meticulous planning and efficient execution. With the inauguration now complete, Nidec will begin the installation of plant machinery and equipment, with production expected to commence later this year. The Orchard Hub campus will serve multiple high-growth markets as the key manufacturing hub for generators for data centers, wind turbine generators and battery energy storage systems (BESS) for renewable energy, electric vehicle motors, controllers, and EV chargers for clean mobility, and high-efficiency motors, drives, system solutions across various business verticals. Equipped with advanced automation and built on Nidec's 3Q6S lean manufacturing principles, the facility is dedicated to delivering best-in-class products that support customers globally. Strategically located, the campus aims to deliver innovative solutions to both domestic and international markets, with a strong emphasis on exceptional customer service. In line with its sustainability goals, Nidec plans to make the Orchard Hub campus carbon-neutral by 2028 through the adoption of solar power, in-house microgrid systems, and BESS technologies. The facility is expected to create over 1,000 direct and 1,000 indirect employment opportunities in the region. Recruitment drives are already underway to hire diploma and ITI students from institutions in and around Hubli-Dharwad, as the company prepares to launch production. Speaking at the event, Nidec Motion & Energy President Michael Briggs expressed his confidence and optimism: 'India's robust economic growth presents exceptional opportunities for forward-thinking companies, and Nidec is proud to be an integral part of this momentum. Under the visionary leadership of our founder, Mr. Shigenobu Nagamori, we continue to expand our presence across the country. Nidec remains deeply committed to India's progress. Mr. Nagamori's visionary leadership has been instrumental in bringing the Orchard Hub to life, demonstrating Nidec's dedication to shaping India's growth story.' 'With an investment of $55 million, the Orchard Hub project serves as a cornerstone of our 'India for India' and 'India for Exports' strategy. The inauguration of the Orchard Hub Campus marks not only a significant milestone in this endeavour but also a defining chapter in Nidec's journey in India. This facility represents more than an investment in infrastructure; it reflects our commitment to people, innovation, and enduring partnerships. The Orchard Hub stands as a testament to our vision of fostering local innovation, generating employment, and delivering sustainable, zero-emission solutions tailored to India's unique needs.' President and Country Managing Director Girish D Kulkarni added: 'We are proud to establish our new state-of-the-art facility in Hubli, Karnataka, as a testament to our long-term commitment to the Indian market. This campus is not merely a physical space - It represents the future of Nidec in India: a hub for innovation, collaboration, and excellence. This marks an exciting time for all of us, and I extend my heartfelt gratitude to our dedicated teams and to the Government of Karnataka for their unwavering support. We look forward to working together as we continue contributing to the sustainable development of the region.' With the launch of Orchard Hub, Nidec strengthens its global manufacturing footprint while aligning with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives. This development reinforces the company's role in advancing sustainable industrial growth both in India and worldwide. About Nidec Corporation Nidec Corporation is the world's leading electric motor manufacturer with 2024 revenues of over $17B. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of over 300 group companies and 100,000 employees with operations in more than 40 countries. A pioneer in electrification, Nidec is integral as a world-class global technology provider, localised manufacturer, and development partner in industries ranging from information technology, automotive, appliance, commercial, and industrial machinery. Nidec enables positive global change through innovative problem-solving. For more information, visit Nidec's website About Nidec Motion & Energy Nidec Motion & Energy, a Business Unit of Nidec Corporation, is a trusted development partner in multiple high-growth spaces including industrial automation, vehicle electrification and electrical infrastructure, providing world-class technology, support, and localised manufacturing to support industry leaders across the globe. With headquarters in St. Louis, Missouri, it employs over 13,000 individuals around the world in more than 40 countries. Disclaimer: This article has been produced on behalf of Nidec Industrial Automation India Private Limited by Times Internet's Spotlight team.
Time of India
a day ago
- Time of India
KP Group, Delta Electronics India ink 3 strategic initial pacts
Surat-based KP Group on Friday said it has inked three strategic initial pacts with energy and power management solutions provider Delta Electronics India . This collaboration spans three high-impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and Solar PV Inverters , a statement said. The Memoranda of Understanding (MoUs) were signed by Niranjan Nayak, Managing Director of Delta Electronics India, and Faruk Patel, Chairman and Managing Director of KP Group, marking a significant step toward co-developing future-ready energy infrastructure that aligns with India's clean energy ambitions. Delta Electronics India and KP Group already share a long-standing relationship. The newly signed MoUs deepen this collaboration and provide a structured framework to accelerate renewable energy and clean technology deployment at scale, the statement added. The Battery Energy Storage System (BESS) MoU outlines a detailed framework for developing and deploying scalable BESS projects. Live Events In this, KP Group will help in project development, site integration, and regulatory coordination to accelerate the deployment of BESS solutions, whereas Delta will supply key power electronics, including inverters and energy management systems, along with design, integration, and commissioning support, it said. Together, the two companies will deliver energy storage projects in India and potentially overseas markets. As part of the pact focusing on integrated green hydrogen refuelling and EV charging infrastructure, KP Group will lead the development of green hydrogen production plants powered by renewable energy. Delta will contribute critical technology, including energy management systems, hydrogen compression and dispensing components, as well as EV charging hardware and software, and integrated energy management systems. Both parties will jointly design and implement green hydrogen stations and EV charging hubs across India. Under the solar PV inverter agreement, Delta will supply approximately 1 GW of next-generation grid-connected solar inverters over the next 12 months for KP Group's upcoming solar projects across India and selected overseas markets. These are future-ready, supporting both solar-only and hybrid (solar plus storage) configurations. Niranjan Nayak, MD of Delta Electronics India, said, "This collaboration is a strong testament to the trust and shared values between Delta and KP Group." Faruk Patel, CMD of KP Group, stated, "Our partnership is not just about products - it's about co-creating solutions that empower India's energy independence. Whether it is solar, storage, or hydrogen, we believe our combined strengths can build a cleaner, more sustainable tomorrow." KP Group brings to the table integrated expertise across project development, power generation, infrastructure execution, and renewable manufacturing, while Delta brings global experience in high-efficiency power electronics, hydrogen-ready infrastructure, and intelligent controls. PTI Economic Times WhatsApp channel )
