Techno Electric & Engineering Company Ltd is eyeing an order inflow of around Rs.2,500 crore per year over the next four years from the power transmission EPC space.
Addressing an investor conference on the company’s Q1FY26 performance, P.P. Gupta, Chairman, Techno Electric, said that the company expects a bidding pipeline of around Rs.40,000 crore per year in the next four years in the power transmission EPC space. Of this, the company was looking at bagging a share of around Rs.2,500 crore per year.
Gupta also noted that the power transmission EPC space of late is witnessing the deployment of high-end technology like 765kV substations (both AIS and GIS), HVDC, STATCOM, BESS, etc, which could prove to be high-margin opportunities.
Speaking of EHV substations, Techno is currently involved in several 765/400kV substations, including those at Sikar and Dausa in Rajasthan.
Gupta also noted that in Q1FY26, Techno commissioned substations (across all voltages) at 17 locations, all over India. During the remaining part of FY26, the company intends to complete over 20 substations, ranging from 220kV to 765kV.
The Techno top official also mentioned that the company was presently engaged in building four 220/66kV GIS substations at very high altitudes in the UTs of J&K and Ladakh. Three of these are likely to be commissioned in FY26, he said.
Order book
As of June 30, 2025, Techno’s outstanding order book stood at Rs.10,408 crore. Of this, EPC orders in the power transmission space amounted to around Rs.7,120 crore. Besides, the company was placed L1 in contracts worth Rs.720 crore.
Though the company’s Q1FY26 order inflow is not known, the company expects to close FY26 with a total order inflow of around Rs.3,500 crore. In FY25, Techno’s order inflow stood at around Rs.4,150 crore.
TBCB concessions
Techno Electric & Engineering Company Ltd currently has two power transmission concessions – both interstate schemes located in the northeast– housed under “NERES XVI Power Transmission Ltd” and “NERGS-I Power Transmission Ltd.”
Gupta noted that these two schemes, upon attaining commercial operations, will generate total revenue of around Rs.2,800 crore over the entire concession period.
According to independent official statistics, Techno’s two aforementioned concessions are scheduled to commission by November 2026 and December 2026, respectively.
Smart metering
Techno currently is the AMISP (advanced metering infrastructure service provider) for four ongoing projects under RDSS, spread across Ranchi (Jharkhand), Agartala (Tripura), Kashmir (UT of J&K) and Indore (Madhya Pradesh).
Of the total 2.5 million meters, Techno has so far installed around 0.8 million meters and it expects to install around 1 million more during FY26 as a whole. With this, the cumulative installed base would stand at some 1.8 million smart meters by end of FY26. The remaining volume of around 0.7 million meters would be commissioned during H1FY27, which is by September 2026.
P.P. Gupta anticipated that there was scope for 8 crore to 9 crore smart meters to be bid out over the next 2-3 years. The top official also explained that Techno would be bidding selectively, and not aggressively, for future smart metering mandates. The company intends to keep smart metering as a minority activity, limiting its “exposure” to around 3 per cent to 5 per cent in relation the company’s overall business, Gupta observed.
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