POWERGRID Projects Rs.3,06,600 Crore Capital Expenditures by 2032
Power Grid Corporation of India Ltd. (POWERGRID), a government-owned Maharatna Public Sector firm, has projected capital expenditures will amount to Rs.3,06,600 crore by 2032.
The total amount of money a business spends on investments or projects over a given time frame is known as the capital expenditure outlay. It also covers all operational costs, capital expenditures, and other financial commitments made by the business.
The energy sector PSU stated in its investor presentation, which was submitted to the stock markets, that it anticipates spending Rs. 2,99,100 crore on its transmission business by 2032, while other businesses will spend approximately Rs. 7,500 crore.
The PSU is currently working on projects totaling Rs.1,54,680 crore, of which Rs.1,05,094 crore are for Tariff Based Competitive Bidding and Rs.37,221 crore are for the Real-Time Market (RTM). The company's ongoing RTM is Rs.9,580, and the remaining Rs.2,785 crore is in the others category.
According to the energy PSU, capital expenditures totaled Rs.28,000 crore in the fiscal year 2025–2026.
The estimated capital expenditures for FY 2026–2027 and FY 27–2028 are Rs.35,000 crore and Rs.45,000 crore, respectively.
By 2025, the corporation wants to achieve its sustainability goal of obtaining roughly 50 percent of its electricity from renewable sources.
Both Scope-1 and Scope-2 emissions have been reduced by 40.61 and 5.23 percent, respectively, at the Maharatna PSU. The direct greenhouse gas (GHG) emissions produced by an organization's owned or controlled sources are referred to as scope 1 emissions.
Battery Energy Storage Systems (BESS) would grow significantly in the economy, reaching 47 gigawatts by 2032, according to the sectoral projection provided by the power transmission giant. By 2032, the piped hydro storage will reach 36 GW.
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By 2032, India is anticipated to have 600 GW of non-fossil fuel power capacity, according to Powergrid. With an anticipated 71 GW more electricity needed by 2032 to sustain its production, the increased emphasis on green hydrogen is predicted to dramatically raise electricity demand as part of this shift.