APTRANSCO Plans Rs 93.2 Billion Grid Expansion

29 Jan 2026 CW Team

APTRANSCO Joint Managing Director G Surya Sai Praveenchand said the transmission utility has set an ambitious target to complete around 55 major transmission projects valued at approximately Rs 93.19 billion. The projects are expected to add 8,853 MVA of transformation capacity and 1,558 circuit kilometres of transmission lines to Andhra Pradesh’s power grid.

He said new 400/220/132 kV substations are being developed at strategic locations including Kakinada SEZ, Achutapuram, Gudivada and Ainavalli, underscoring the state government’s commitment to ensuring round-the-clock, reliable and high-quality power supply.

Praveenchand said that under the leadership of Chief Minister Nara Chandrababu Naidu, with the support of Energy Minister Gottipati Ravi Kumar and guidance from Chief Secretary K Vijayanand, Andhra Pradesh’s power utilities have prioritised transmission infrastructure expansion, system modernisation and the adoption of advanced technologies. The objective is to strengthen the state’s power sector and improve operational efficiency.

Currently, APTRANSCO operates 380 substations, 1,030 power transformers with a total capacity of 71,049 MVA, and more than 33,000 circuit kilometres of high-voltage transmission lines. The organisation is also implementing battery energy storage system projects with a capacity of 1,500 MW and 3,000 MWh in two phases to enhance grid stability and manage peak demand.

The expansion programme is expected to significantly improve transmission capacity, support industrial growth and reinforce the reliability of power supply across Andhra Pradesh.

Real Estate

28 Mar 2026

Housing Sales Dip 7 per cent QoQ Across Top Cities

India’s housing market saw a 7 per cent quarter-on-quarter decline in sales across the top seven cities in Q1 2026, with approximately 1,01,675 units sold compared to 1,08,970 units in Q4 2025, according to ANAROCK Group. However, on a yearly basis, sales rose 9 per cent, indicating continued underlying demand.The total sales value stood at around Rs 1.51 trillion, reflecting a 5 per cent quarterly drop but a 6 per cent annual increase. Mumbai Metropolitan Region and Bengaluru together accounted for nearly 48 per cent of total sales, while Chennai recorded the highest quarterly decline at 18..

Birla Estates Enters Mumbai Redevelopment

Birla Estates has announced its entry into Mumbai’s redevelopment segment with a luxury residential project in Khar West, developed in partnership with Parinee Real Estate Builders. The project will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society, marking the company’s first redevelopment initiative in the Mumbai Metropolitan Region.Spread across 1.3 acres, the development will offer a saleable area of 2.9 lakh sq ft with an estimated revenue potential of Rs 17 billion. Positioned in one of Mumbai’s prime residential micro-markets, the projec..

Hitachi, MUFG Expand EV Financing Model

Hitachi and MUFG Bank have expanded their NextGen business co-creation model to accelerate decarbonised mobility by financing electric vehicles and charging infrastructure. The renewed collaboration aims to address key barriers to electrification, including limited access to capital and the need for integrated energy solutions.Building on earlier partnerships, the expanded model extends beyond battery-focused solutions to include electric mobility assets, charging systems and energy management infrastructure across global markets. The initiative will leverage structured financing through speci..