From The Economic Times · Nikita Periwal and Kalpana Pathak · · 1m
Power Grid Boosts Cable Demand
Power Grid urges cable makers to scale up as transmission capex rises.
In brief
Power Grid urges cable makers to scale up as transmission capex rises. Power Grid Corporation of India plans higher capital expenditure to meet growing electricity demand, urging cable and wire manufacturers to expand production. Originally reported by The Economic Times.
Power Grid raises capex target
Power Grid Corporation of India expects capital expenditure to exceed ₹40,000 crore spent last financial year.
Chairman urges expansion
Vamsi Rama Mohan Burra urged cable and wire manufacturers to expand manufacturing capabilities and improve product quality.
Transmission sector growth
The transmission sector is a key consumer for the over one lakh crore wires and cables industry in India.
Renewable energy impact
Renewable energy projects require substantial cable usage, especially solar projects with high land layout demands.
Transmission expansion
Power Grid added 5,000 circuit kilometres of transmission lines and 72,000 MVA of transformation capacity last year.
Green Energy Corridor-III
Green Energy Corridor-III programme offers ₹1.86 lakh crore investment opportunity for cable and wire manufacturers.
The one thing
Power Grid Corporation of India plans higher capital expenditure to meet growing electricity demand, urging cable and wire manufacturers to expand production.
