Maharatna PSU Powergrid’s estimated capex outlay will reach Rs 3,06,600 crore by 2032
Power Grid Corporation of India Ltd (POWERGRID), a public sector enterprise under the ‘Maharatna’ category, announced on Wednesday that its capital expenditure (capex) is expected to reach Rs 3,06,600 crore by 2032. This figure represents the total investment the company plans to allocate for projects and operational expenses over the coming years.
In its investor presentation submitted to stock exchanges, the state-owned power transmission company outlined that Rs 2,99,100 crore of this capex will be directed toward its transmission business, while approximately Rs 7,500 crore will be allocated to other business ventures.
As of now, POWERGRID has a work-in-hand portfolio valued at Rs 1,54,680 crore, with Rs 1,05,094 crore related to Tariff-Based Competitive Bidding (TBCB) projects, and Rs 37,221 crore earmarked for Real-Time Market (RTM) initiatives. The company also reported an ongoing RTM commitment of Rs 9,580 crore, alongside an additional Rs 2,785 crore in various other categories.
The energy sector PSU further disclosed that its capex for the fiscal year 2025-26 is projected to be Rs 28,000 crore, with estimations rising to Rs 35,000 crore for FY 2026-27 and Rs 45,000 crore for FY 2027-28.
In line with its sustainability goals, POWERGRID aims to source 50% of its electricity consumption from renewable energy sources by 2025. The company also targets becoming net water positive by 2030 and achieving a zero waste-to-landfill status.
The Maharatna PSU reported significant progress in emissions reduction, with a 40.61% decrease in Scope-1 emissions and a 5.23% reduction in Scope-2 emissions. Scope-1 emissions refer to direct greenhouse gas emissions from the company’s own operations.
Looking ahead, the company projects significant growth in the power sector. By 2032, India is expected to see a major expansion in Battery Energy Storage Systems (BESS), reaching 47 gigawatts. Additionally, pumped hydro storage is forecasted to reach 36 GW by the same year.
In terms of clean energy, POWERGRID anticipates India will achieve 600 GW of non-fossil fuel-based power capacity by 2032. A notable shift toward green hydrogen is also expected, driving up electricity demand. The company estimates an additional 71 GW of power capacity will be needed by 2032 to support green hydrogen production.
