Powergrid plans Rs 3 lakh crore capex by 2032

Maharatna Public Sector Undertaking Power Grid Corporation of India Ltd (Powergrid) has announced a planned capital expenditure outlay of ₹3,06,600 crore by 2032, as the company aligns itself with India’s energy transition goals.

The projected investment, revealed in the company’s investor presentation on Wednesday, reflects a major push toward strengthening power transmission infrastructure and integrating renewable energy sources. Of the total outlay, ₹2,99,100 crore will be channelled into Powergrid’s core transmission business, while ₹7,500 crore is earmarked for diversification into other business areas. The company currently holds ₹1,54,680 crore worth of projects under execution, including ₹1,05,094 crore through Tariff-Based Competitive Bidding and ₹37,221 crore under Real-Time Market (RTM) systems. An additional ₹2,785 crore falls under miscellaneous projects. Powergrid’s estimated capital expenditure for FY 2025–26 stands at ₹28,000 crore, with planned increases to ₹35,000 crore in FY 2026–27 and ₹45,000 crore in FY 2027–28, according to the presentation filed with stock exchanges.

The PSU has also laid out ambitious sustainability goals. It aims to source 50% of its electricity consumption from renewable energy by 2025, become net water positive by 2030, and achieve zero waste to landfill status. The firm has already reported a 40.61% reduction in Scope 1 emissions—those directly from its operations—and a 5.23% reduction in Scope 2 emissions, which stem from the purchase of energy. Powergrid’s sectoral outlook underscores a growing demand for advanced storage solutions and clean power infrastructure. Battery Energy Storage Systems (BESS) are projected to scale up to 47 GW, and pumped hydro storage is expected to reach 36 GW by 2032. India’s total non-fossil fuel power capacity is anticipated to touch 600 GW by that year. A significant uptick in electricity demand is also expected from the expansion of green hydrogen production, with the company estimating an additional 71 GW of power required by 2032 to support its rollout.

As India accelerates its energy transition, Powergrid’s aggressive investment roadmap positions it as a central player in delivering sustainable and reliable power across the country.

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Powergrid plans Rs 3 lakh crore capex by 2032