Explore Business Standard
Power Transmission
Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience, the company said in a regulatory filing. Currently, the network of the Sultanate of Oman is connected to this interconnection through UAE's grid at 220kV. Now a direct interconnection is being established at 400 kV level for which a 400 kV substation in UAE is crucial, the company added. L&T PT&D has won an order to engineer, procure and construct this 400 kV Substation, the filing said. According to the filing, the company has bagged another order for building a set of new 132kV substations in the .
Adani Energy Solutions on Thursday announced acquisition of a project special purpose vehicle Mahan Transmission, which will evacuate 1,230 MW power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district. The company has on 26th March, 2025... executed share purchase agreement with REC Power Development and Consultancy Ltd for acquiring 100 per cent equity shares of Mahan Transmission Ltd (MTL), a regulatory filing said. According to the filing, equity shares are being acquired at a face value of Rs 10 each for a cash consideration. It also stated that the acquisition is completed and the total authorised and paid-up share capital of the MTL is Rs 5 lakh. The MTL is incorporated in India and was registered with the Registrar of Companies, New Delhi, on November 20, 2024. This acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. The MTL will evacuate 1,230 MW of
Kalpataru Projects International Ltd (KPIL) on Thursday announced securing new orders worth Rs 2,306 crore in the domestic as well the international markets, taking its total order book to Rs 22,500 crore. The international orders have been bagged by its transmission & distribution (T&D) business, while the buildings business has got orders in India, KPIL said in a statement. The company along with its international subsidiaries have secured new orders/notification of Rs 2,306 crore, it said. "The T&D business continues to remain robust with strong tendering activity globally on the back of rising power demand, rapid expansion of renewable energy and focus on improvement of grid infrastructure. "The order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around Rs 22,500 crore, providing us with a good visibility of growth in the coming quarters," said Manish Mohnot, MD ...
The Damodar Valley Corporation (DVC) has inked a 25-year power purchase agreement (PPA) with the Haryana Power Purchase Centre (HPPC) to export 800MW from 2028-29, a senior official said on Wednesday. The agreement marks a significant milestone in the partnership between DVC and HPPC, building on their existing PPA, under which the corporation already supplies 300 MW to Haryana from its operational units. The agreement, signed with the approval of the power ministry, will enable DVC to supply 800 MW from its three upcoming thermal units to Haryana. "Under the agreement, DVC will supply 300 MW from its Raghunathpur Thermal Power Station Phase-II (2x660 MW), 300 MW from Koderma Thermal Power Station Phase-II (2x800 MW), and 200 MW from Durgapur Thermal Power Station (1x800 MW). Supplies from all three power stations will begin in the fiscal 2028-29," DVC member (finance) Arup Sarkar said. The PPA was signed at HPPC's corporate office in the presence of senior officials from both ...
A total expenditure of Rs 9.12 lakh crore has been planned to augment power transmission infrastructure capacity in the country by 2032, according to Union Minister Shripad Yesso Naik. The National Electricity Plan (Transmission) covers the transmission plan till 2031-32, said Minister of State for Power Shripad Yesso Naik in a written reply to the Rajya Sabha on Monday. As per the Plan, 1,91,474 circuit kilometres (ckm) of transmission lines and 1274 Giga Volt Ampere (GVA) of transformation capacity would be added (at 220 kV and above voltage level) in the 10-year period from 2022-23 to 2031-32. In addition, he stated that 33.25 GW of High Voltage Direct Current (HVDC) bi-pole links are also planned. The inter-regional transmission capacity is planned to increase to 143 GW by 2026-27 and further to 168 GW by 2031-32, from the present level of 119 GW. The Plan also highlights new technology options in transmission, cross-border interconnections and private sector participation in
Nepal on Friday signed a USD 12.36 million contract for a critical 18 km cross-border electricity transmission line, a crucial part of the broader Electricity Transmission Project that will deepen energy cooperation with India. Signed under the Millennium Challenge Corporation (MCC) Nepal Compact, the 18 km transmission line project, with three sub-stations, will help Nepal achieve its domestic power goals and reinforce Nepal's position in the regional energy market, officials said. As MCA-Nepal marks the first anniversary of the Compact's Entry-Into-Force, this new milestone reflects the unwavering commitment from all stakeholders to enhancing regional energy trade between Nepal and India, read a statement by the Millennium Challenge Account (MCA) Nepal. The Millennium Challenge Corporation (MCC) Nepal Compact is jointly funded by the government of Nepal and the US government. The MCC was created by the US Congress in January 2004 with strong bipartisan support. The contract, ...
CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing. The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23. During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago. For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said. The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024. CESC is into generation, transmission, and distribution of electrical power.
Sterlite Power Transmission Ltd (SPTL) on Thursday said it has received shareholders' nod to demerge its transmission business. The demerged transmission infrastructure is to be housed under Sterlite Grid 5 Ltd, and the global products and specialised EPC services will continue to remain under SPTL to pursue independent growth strategies. "Sterlite Power receives stakeholders' approval for demerger of transmission business from SPTL. The vote on the demerger proposal received 100 per cent approval from secured creditors, 99.26 per cent approval from unsecured creditors, 99.99 per cent from equity shareholders present and voting, and 100 per cent by the non-fund-based lenders," the company said. The simplified structure will allow each entity to attract capital pool tailored to its requirements. The transmission business can target long-term, patient investors seeking predictable cash flow, while SPTL, focusing on Global Products & Services (GPS) business, can attract capital ...
Sterlite Power and global investment firm GIC will set up a joint venture for developing and operating power transmission projects in India, a statement said on Wednesday. The joint venture (JV) will focus on developing and operating power transmission projects in the country. Private power transmission developer Sterlite Power will own the majority 51 per cent stake and GIC will own the remaining 49 per cent shareholding, the statement said. Sterlite Power and an affiliate of GIC have announced the signing of definitive agreements to set up a new platform to develop and operate power transmission projects in India. This JV signals global confidence in India's growth vision, Sterlite Power Managing Director Pratik Agarwal said in the statement. "With GIC as our partner, we are poised to play a leading role in India's transmission sector, starting with the USD 13 billion bid pipeline," he added. Ang Eng Seng, Chief Investment Officer of Infrastructure at GIC, said India is a key .
Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income. It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing. Total income surged to Rs 803.8 crore from Rs 446.0 crore a year ago. Expenses were at Rs 777.4 crore as against Rs 436.6 crore in the third quarter last fiscal. Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment.