Power Grid Corporation of India reveals a substantial increase in its project pipeline to ₹1.75 lakh crore, reflecting the country’s accelerated transition to renewable energy and data centre expansion, with over 80% of projects awarded through competitive bidding.
Power Grid Corporation of India has built up a far larger project pipeline as the state-run transmission major prepares for a new round of grid expansion linked to renewables, hydropower and data centres.
According to The Hindu BusinessLine, Power Grid’s order pipeline stood at ₹1.75 lakh crore at the end of the June quarter, up from about ₹1.48 lakh crore a year earlier. More than 80 per cent of that pipeline came through tariff-based competitive bidding, the route used for awarding many new transmission projects.
The company’s works-in-hand were dominated by TBCB projects worth around ₹1.46 lakh crore, while regulated tariff mechanism projects accounted for roughly ₹25,000 crore. Smaller businesses, including smart metering, data centres and battery energy storage systems, contributed a further ₹4,200 crore, according to the report. The company said the pipeline offers revenue visibility even after a weaker-than-expected standalone operating performance in the June quarter.
The bidding funnel also remains substantial. Around ₹73,875 crore of transmission projects are already under bidding, with another ₹45,000 crore due to be floated, taking the total bidding pipeline to ₹1.19 lakh crore. Major schemes mentioned include the Rajasthan Barmer complex HVDC link, the Jam Khambhaliya-Jamnagar-Lakadia project and the ERES Nawada-Durgapur line.
Power Grid’s investment case is increasingly tied to India’s broader power build-out. The company and analysts cited by BusinessLine point to the Central Electricity Authority’s plan to integrate about 914 GW of non-fossil fuel capacity by FY36, along with an estimated ₹6.4 lakh crore hydro development plan for the Brahmaputra basin and around 71 GW of potential data-centre demand. The company has guided for capital expenditure of ₹37,000 crore in FY27, with gross fixed assets at about ₹3.25 lakh crore at the end of the quarter.
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