The Union Cabinet chaired by Prime Minister Narendra Modi, September 30, 2026, approved the Green Energy Corridor Phase-III (GEC-III) intrastate transmission system (InSTS) scheme. The tariff-based competitive bidding (TBCB) modality has been proposed for greenfield projects under the scheme.
Global markets are rightly optimistic about the transformative potential of artificial intelligence, green mobility, and renewable energy. Yet, realizing the full value of these mega-trends requires a parallel focus on a fundamental macroeconomic variable: the physical capacity of the power grid. As capital continues to flow into advanced generation and compute technologies, a critical enabler of this evolving energy ecosystem is stepping into the spotlight—the power transformer, notes Kartik Daftari.
The Power Transmission & Distribution (PT&D) business vertical of Larsen & Toubro Ltd (L&T) has secured multiple EPC orders in India and abroad.
A large number of ISTS schemes awarded under the TBCB route are expected to fully commission in the third quarter (Q3: October to December) of FY27, official statistics indicate.