India to Add Rs 2,641 bn in Transmission Projects by FY31
POWER & RENEWABLE ENERGY

India to Add Rs 2,641 bn in Transmission Projects by FY31

India Ratings and Research (Ind-Ra) has maintained a stable rating outlook for transmission projects for FY27 and forecasts that Rs 2,641 bn of transmission projects will be added by FY31 under the inter-state transmission system rolling plan. The agency expects annual awards of Rs 600-800 bn during FY26 and FY27 and reported that 68 projects awarded through tariff-based competitive bidding have been completed in the nine months to FY26. Only 12 of these were finished on schedule, underscoring execution challenges.

Ind-Ra observed that about 76 per cent of under-construction projects, valued at roughly Rs 2,538 bn, are concentrated in Rajasthan and Gujarat. Projects costing more than Rs 10 bn have faced an average delay of 11 months, with some exceeding two years. The agency said capital expenditure in the transmission segment should support renewable capacity growth in high concentration regions despite these delays.

India's energy requirement growth is expected to moderate to about two per cent in FY26, against four point one per cent in FY25 and seven point four per cent in FY24, as a prolonged monsoon and softer industrial activity weighed on demand. Quarterly patterns in FY26 were mixed, with one point six per cent decline in the first quarter, three point three per cent growth in the second and zero point two per cent decline in the third. Peak demand reached about 242.5 gigawatts (GW) in June 2025, an all-time high.

Renewables gained momentum in the nine months to FY26 as solar generation rose by about 20 per cent, aided by a 28.5 per cent increase in solar capacity and 30.2 GW of additions, taking installed solar capacity to 135.8 GW. India Ratings and Research forecasts full-year solar installations of 35-40 GW and warns that module prices may rise as the Approved List of Models and Manufacturers (ALMM) mandates domestic cell usage for government procurement. Wind additions are expected at five to six gigawatts in FY26, with total wind capacity near 54.5 GW by end-December 2025.

India Ratings and Research (Ind-Ra) has maintained a stable rating outlook for transmission projects for FY27 and forecasts that Rs 2,641 bn of transmission projects will be added by FY31 under the inter-state transmission system rolling plan. The agency expects annual awards of Rs 600-800 bn during FY26 and FY27 and reported that 68 projects awarded through tariff-based competitive bidding have been completed in the nine months to FY26. Only 12 of these were finished on schedule, underscoring execution challenges. Ind-Ra observed that about 76 per cent of under-construction projects, valued at roughly Rs 2,538 bn, are concentrated in Rajasthan and Gujarat. Projects costing more than Rs 10 bn have faced an average delay of 11 months, with some exceeding two years. The agency said capital expenditure in the transmission segment should support renewable capacity growth in high concentration regions despite these delays. India's energy requirement growth is expected to moderate to about two per cent in FY26, against four point one per cent in FY25 and seven point four per cent in FY24, as a prolonged monsoon and softer industrial activity weighed on demand. Quarterly patterns in FY26 were mixed, with one point six per cent decline in the first quarter, three point three per cent growth in the second and zero point two per cent decline in the third. Peak demand reached about 242.5 gigawatts (GW) in June 2025, an all-time high. Renewables gained momentum in the nine months to FY26 as solar generation rose by about 20 per cent, aided by a 28.5 per cent increase in solar capacity and 30.2 GW of additions, taking installed solar capacity to 135.8 GW. India Ratings and Research forecasts full-year solar installations of 35-40 GW and warns that module prices may rise as the Approved List of Models and Manufacturers (ALMM) mandates domestic cell usage for government procurement. Wind additions are expected at five to six gigawatts in FY26, with total wind capacity near 54.5 GW by end-December 2025.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement