IEEMA launches ElectraNorth to boost power sector growth
POWER & RENEWABLE ENERGY

IEEMA launches ElectraNorth to boost power sector growth

The Indian Electrical and Electronics Manufacturers' Association (IEEMA) hosted the inaugural edition of ElectraNorth 2026 in New Delhi, bringing together policymakers, utilities, manufacturers and technology providers to discuss investment opportunities, grid modernisation and the growth of India's power equipment industry.

Addressing the conclave, Ghanshyam Prasad, Chairperson, Central Electricity Authority, said the northern region accounts for the country's highest peak power demand, with Uttar Pradesh alone recording demand exceeding 32,000 MW. He said India would continue expanding renewable energy capacity alongside battery energy storage and pumped hydro storage, with a target of 100 GW of pumped storage capacity.

Ashish Kumar Goel, Additional Chief Secretary (Energy), Government of Uttar Pradesh, said the state is focusing on research and development and improved product quality, citing the extension of transformer warranties to 10+2 years, which has encouraged wider industry participation in procurement.

Highlighting Punjab's power sector plans, Basant Garg, Administrative Secretary (Power), Government of Punjab, said the state is investing in a 765-kV substation, four 400-kV substations and more than 20 additional substations over the next two years, while expanding battery energy storage and smart metering.

Vikram Gandotra, President, IEEMA, said India's electrical equipment manufacturing sector recorded 34 per cent growth in the latest Index of Industrial Production data and has an investment pipeline exceeding USD 3.5 billion. He emphasised the need for demand visibility, procurement certainty and greater investment in research and development to strengthen global competitiveness.

At the chief executives' session, Sarit Maheshwari, Chief Executive Officer, NTPC Renewable Energy, outlined the company's plans to develop 60 GW of renewable energy capacity by 2032, a 33 GWh battery storage pipeline and the Rs 185 billion Pudimadaka green hydrogen hub.

The event also featured discussions on electric vehicle charging infrastructure, data centres, artificial intelligence-driven manufacturing and opportunities for small and medium enterprises in global supply chains. IEEMA also announced that ELECRAMA 2027 has recorded strong industry response, with additional exhibition halls added and Germany confirmed as the partner country.

The Indian Electrical and Electronics Manufacturers' Association (IEEMA) hosted the inaugural edition of ElectraNorth 2026 in New Delhi, bringing together policymakers, utilities, manufacturers and technology providers to discuss investment opportunities, grid modernisation and the growth of India's power equipment industry.Addressing the conclave, Ghanshyam Prasad, Chairperson, Central Electricity Authority, said the northern region accounts for the country's highest peak power demand, with Uttar Pradesh alone recording demand exceeding 32,000 MW. He said India would continue expanding renewable energy capacity alongside battery energy storage and pumped hydro storage, with a target of 100 GW of pumped storage capacity.Ashish Kumar Goel, Additional Chief Secretary (Energy), Government of Uttar Pradesh, said the state is focusing on research and development and improved product quality, citing the extension of transformer warranties to 10+2 years, which has encouraged wider industry participation in procurement.Highlighting Punjab's power sector plans, Basant Garg, Administrative Secretary (Power), Government of Punjab, said the state is investing in a 765-kV substation, four 400-kV substations and more than 20 additional substations over the next two years, while expanding battery energy storage and smart metering.Vikram Gandotra, President, IEEMA, said India's electrical equipment manufacturing sector recorded 34 per cent growth in the latest Index of Industrial Production data and has an investment pipeline exceeding USD 3.5 billion. He emphasised the need for demand visibility, procurement certainty and greater investment in research and development to strengthen global competitiveness.At the chief executives' session, Sarit Maheshwari, Chief Executive Officer, NTPC Renewable Energy, outlined the company's plans to develop 60 GW of renewable energy capacity by 2032, a 33 GWh battery storage pipeline and the Rs 185 billion Pudimadaka green hydrogen hub.The event also featured discussions on electric vehicle charging infrastructure, data centres, artificial intelligence-driven manufacturing and opportunities for small and medium enterprises in global supply chains. IEEMA also announced that ELECRAMA 2027 has recorded strong industry response, with additional exhibition halls added and Germany confirmed as the partner country.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement