India’s power transmission and distribution (T&D) sector is set for a sustained growth trajectory, supported by a robust capital expenditure pipeline of about Rs. 9 trillion (US$ 96.70 billion) through 2032, according to a report by Motilal Oswal Financial Services. The report highlights that the ongoing capex cycle, which began in 2022-23, has already led to a sharp rise in order books, revenues and margin profiles for industry participants. Despite this strong structural outlook, ordering activity witnessed a temporary slowdown in FY26, with fewer schemes awarded compared to the previous year, primarily due to execution constraints rather than any demand weakness.The report further emphasises that high-capacity utilisation among domestic manufacturers and the shift towards higher-voltage transformers, which require longer production and testing cycles, have extended lead times across the sector. However, demand remains resilient, supported by domestic infrastructure expansion and strong global requirements. India’s National Electricity Plan also outlines a significant investment push of around Rs. 9 trillion (US$ 96.70 billion) in transmission infrastructure, driven by large-scale renewable energy integration. Additionally, rising global demand for transformers, particularly in the US and Europe, amid power grid upgrades, EV infrastructure expansion, and asset replacement needs, presents export opportunities for Indian manufacturers. Emerging segments such as high-voltage direct current (HVDC) projects are also expected to drive future growth, with a steady pipeline of project awards anticipated in the coming years.Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.https://www.ibef.org/news/india-s-power-transmission-sector-to-see-us-96-70-billion-capex-push-by-2032 (ICE MUMBAI)

Fonte notizia: IBEF