Transmission & distribution

With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.

Hartek Group has secured multiple 765kV projects from Power Grid Corp. of India Ltd. (PGCIL), including the supply and commissioning of high-voltage transmission projects in Indore and Kurnool.

With these order wins, Kalpataru Projects International Ltd’s order intake till date in the current financial year stands at INR 6,178 crore.

Damodar Valley Corp., which currently has 97% power generation capacity from thermal projects, plans to add 4 GW of solar power generation capacity with an investment of INR 20,000 crore (around $2.4 billion) by 2030.

The ratings upgrade takes into account Tata Power’s healthy operating and financial performance driven by the diversified business profile, superior operating efficiencies, and long-term offtake agreements for the generating portfolio.

Kalpataru Projects International Ltd (KPIL) has secured orders in the transmission & distribution (T&D) business in India and overseas markets, in addition to EPC order for an industrial plant in the metal industry and residential building order in India.

A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.

India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.

IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.

Hitachi Energy India recorded a revenue of INR 1,699.2 crore and profit after tax (net profit) of INR 113.7 crore for the quarter ended March 31, 2024