Maharatna PSU Powergrid projects Capex of over ₹3 lakh crore by 2032
New Delhi [India], May 21 (ANI): 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
3 hours ago
- India Gazette
J-K: LG Sinha inaugurates Rs 1,240 cr industrial unit, accuses Pak of trying to destabilise economy
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday launched a scathing attack on Pakistan, accusing the neighboring country of attempting to 'destabilise Jammu and Kashmir's economy, divide people on religious lines, and damage its tourism sector,' even as he laid the foundation stone of a Rs 1,240 crore industrial unit in Kathua. 'After Operation Sindoor, India has shown the strength of its armed forces. But Pakistan continues its conspiracies to disrupt J&K's development,' Sinha said while inaugurating Dhunseri Poly Films Pvt Ltd at Dhanseri. 'Their plans have failed, and this massive industrial investment is proof,' he added. The LG's remarks came shortly after Prime Minister Narendra Modi flagged off the Kashmir-Kanyakumari rail link. 'Our PM rightly exposed Pakistan's failed attempts to halt J&K's progress. Look at the investor enthusiasm - it shows they have lost this battle,' Sinha said. The new unit, expected to create over 1,000 jobs, signals Kathua's emergence as an industrial hub. 'Despite Pakistan's designs, industries are lining up to invest here. Kathua is becoming a preferred destination,' he said. Divisional Commissioner Romesh Kumar and Dhunseri Group Chairman CK Dhanuka were present at the event. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. CK Dhanuka, Chairman of the Dhunseri group, told ANI, 'We have decided to set up this plant here in J&K as part of our commitment to give something to the country and to the local people of J&K. This project will give us mental satisfaction. We expect that the entire process of setting up the plant here will be smooth without hurdles.' Arun Kumar Manhas, Director Industries and Commerce, Jammu, told ANI that this Dhunseri unit will boost the local industry. 'This Dhunseri unit will provide a domino effect to the district and the region. I am sure this plant will contribute to Jammu and Kashmir's industrial success story,' Manhas said. (ANI)
India Gazette
3 hours ago
- India Gazette
Dhunseri Poly Films breaks ground for Rs 1,240 crore plant in J-K
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday laid the foundation stone for an industrial unit of Dhunseri Poly films Pvt Ltd at Kathua. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. The unit in Kathua is being established with a huge investment of Rs 1,240 crores, opening up employment opportunities for the locals. The Dhunseri polyester films unit will be developed in two phases, the LG said in his address. The Lieutenant Governor said enthusiasm of private sector investors is very high in Jammu and Kashmir even as Pakistan tries to disturb the environment. 'Kathua district is one of the best places for investors to put money. With these kinds of investments, new employment opportunities will emerge for the local youth,' the LG said. Referring to the recent inauguration of the Chenab River Bridge, the LG alluded to the importance the government attaches to the Jammu and Kashmir region. 'Two days back, our PM flagged off a train to Kashmir and connected it with the rest of India. On the occasion, PM had said the efforts to destabilise Jammu and Kashmir and its development journey by the neighbouring country, Pakistan, have been foiled. The successful Operation Sindoor showed the power of the Indian armed forces,' the LG added. Kashmir valley got connected with the rest of India with Prime Minister Modi's inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab during his day-long visit to Jammu and Kashmir this Friday. CK Dhanuka, Chairman of the Dhunseri group, told ANI, 'We have decided to set up this plant here in J&K as part of our commitment to give something to the country and to the local people of J&K. This project will give us mental satisfaction. We expect that the entire process of setting up the plant here will be smooth without hurdles.' Arun Kumar Manhas, Director Industries and Commerce, Jammu, told ANI that this Dhunseri unit will boost the local industry. 'This Dhunseri unit will provide a domino effect to the district and the region. I am sure this plant will contribute to Jammu and Kashmir's industrial success story,' Manhas said. (ANI)
India Gazette
3 hours ago
- India Gazette
Dhunseri Poly Films breaks ground for Rs 1,240 crore plant in J-K's Kathua
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday laid the foundation stone for an industrial unit of Dhunseri Poly films Pvt Ltd at Kathua. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. The unit in Kathua is being established with a huge investment of Rs 1,240 crores, opening up employment opportunities for the locals. The Dhunseri polyester films unit will be developed in two phases, the LG said in his address. The Lieutenant Governor said enthusiasm of private sector investors is very high in Jammu and Kashmir even as Pakistan tries to disturb the environment. 'Kathua district is one of the best places for investors to put money. With these kinds of investments, new employment opportunities will emerge for the local youth,' the LG said. Referring to the recent inauguration of the Chenab River Bridge, the LG alluded to the importance the government attaches to the Jammu and Kashmir region. 'Two days back, our PM flagged off a train to Kashmir and connected it with the rest of India. On the occasion, PM had said the efforts to destabilise Jammu and Kashmir and its development journey by the neighbouring country, Pakistan, have been foiled. The successful Operation Sindoor showed the power of the Indian armed forces,' the LG added. Kashmir valley got connected with the rest of India with Prime Minister Modi's inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab during his day-long visit to Jammu and Kashmir this Friday. CK Dhanuka, Chairman of the Dhunseri group, told ANI, 'We have decided to set up this plant here in J&K as part of our commitment to give something to the country and to the local people of J&K. This project will give us mental satisfaction. We expect that the entire process of setting up the plant here will be smooth without hurdles.' Arun Kumar Manhas, Director Industries and Commerce, Jammu, told ANI that this Dhunseri unit will boost the local industry. 'This Dhunseri unit will provide a domino effect to the district and the region. I am sure this plant will contribute to Jammu and Kashmir's industrial success story,' Manhas said. (ANI)
