Power Grid Corporation of India Ltd (PGCIL) has targeted capital expenditure of over Rs.1 trillion during the next three years.
Official statistics suggest that over 3,000 ckm of interstate transmission system (ISTS) transmission lines are currently under construction, through projects awarded under the tariff-based competitive bidding (TBCB) mechanism.
Fiscal year FY25 that ended on March 31, 2025, saw hectic activity in the ISTS-TBCB space with as many as 45 schemes getting formally transferred to their winning developers.
Significant transformation capacity addition was seen in April 2025, the opening month of the ongoing fiscal year FY26 with Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) making important contributions.
Interregional electricity transfer recorded a modest year-on-year growth of 4.2 per cent during FY25 (April 1, 2024 to March 31, 2025).
India added an impressive 86,433 MVA of transformation (substation) capacity in FY25 – a quantum that was 22.2 per cent more than the 70,728 MVA added in FY24.
The fiscal year that ended on March 31, 2025 witnessed the lowest addition of transmission lines in recent history.
Latest official statistics suggest that nine interstate transmission system (ISTS) schemes, awarded under the tariff-based competitive bidding (TBCB) route, were fully commissioned during the fiscal year ending March 31, 2025.
Fiscal year FY25 that closed on March 31, 2025 has been a record year for the ISTS-TBCB market, on several counts.
Bihar today is the leading state in terms of consumer smart meter installations, official statistics suggest.