Jaipur-headquartered RMC Switchgears is very optimistic on a significant growth in operating revenue, following the proposed capacity expansion of its manufacturing plant at Jaipur in Rajasthan.
A study by CareEdge Ratings estimates that advance metering infrastructure is likely to provide additional cumulative revenue potential of around Rs. 4.5 lakh crore to discoms, in the next seven years, up to FY31.
Substation capacity addition in the first eleven months of FY24 was up 9.3 per cent, year-on-year.
The build-up of new transmission lines during the April-January period of FY24 was just two-thirds of the planned addition, according to statistics released by Central Electricity Authority (CEA).
A newly-released report “Green Hydrogen: India’s opportunity for a strategic shift in global energy trade” by Alvarez & Marsel (A&M), a leading global professional services firm, notes that India is amongst the few countries that are very well positioned to tap the global green hydrogen economic opportunity, which is estimated to be $0.5 trillion by 2050.
The aggregate transformation capacity of sub-transmission substations is expected to grow by 29 per cent by 2030, according to the recently-released “Distribution Perspective Plan 2030.”
The recently released National Electricity Plan (Transmission — Vol.2) suggests that over Rs.1.2 trillion worth of interstate transmission system (ISTS) schemes have been awarded under the tariff-based competitive bidding (TBCB) route, so far.
Power Grid Corporation of India Ltd (PGCIL) has recorded major success in the ISTS-TBCB market during FY24.
The plan outlay of Central PSUs in the power ministry is estimated to be nearly 14 per cent higher in FY25, as envisaged in the Interim Budget 2024.
The draft National Electricity Plan (NEP) has envisaged investment of around Rs.4.76 trillion in the power transmission sector during the five-year period from FY23 to FY27.