Business

Power Grid urges cable and wire manufacturers to expand capacity as transmission spending grows

Originally reported by ET Industry as: Power Grid asks cable and wire makers to scale up as transmission capex set to rise

29 Oct 2026, 12:33 am IST · Xecute.finance News Desk

The crisp read

Power Grid expects its capital expenditures to surpass ₹40,000 crore for transmission network development. Rising electricity demand nationwide drives this significant investment in power infrastructure. The Green Energy Corridor-III program will create additional business opportunities for suppliers.

Xecute Impact Breakdown

For CAs

  • Review working capital requirements and expansion financing options for industrial scale-up of manufacturing clients.
  • Track forthcoming vendor registrations, supply contracts, and capacity announcements related to utility expansions.

For businesses

  • Scale up factory capacities and supply chains to align with projected utility spending and upcoming procurement orders.
  • Track capital expenditures exceeding ₹40,000 crore by Power Grid and opportunities under the Green Energy Corridor-III program.

Deep dive - the full story

Power Grid anticipates its capital expenditures will exceed ₹40,000 crore, focusing on transmission infrastructure. Transmission infrastructure investments are critical for modernizing the national grid and handling high-voltage electricity transport over long distances. Historically, utility companies relied on steady, lower-budget maintenance cycles, but rising energy consumption requires massive capital outlays to prevent grid bottlenecks and support industrial growth.

Cable and wire makers should review production capacities and align manufacturing schedules with upcoming transmission projects. Stakeholders must track developments related to the Green Energy Corridor-III program for fresh procurement tenders and compliance requirements.

Proper planning ensures suppliers can capture upcoming growth without delivery delays or margin pressures.

Source: economictimes.indiatimes.com

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