Economy
India Targets Massive Transmission Infrastructure Expansion by 2032
financialexpress1h
THE BRIEF
1
India plans to invest approximately ₹9 lakh crore in transmission infrastructure by 2032 to support a projected 900 GW of non-fossil power capacity by 2035.
2
The domestic power transformer market is expected to grow from US$3.3-3.4 billion in FY25 to US$8.2-8.5 billion by FY29, driven by grid modernization and data center demand.
3
CG Power reported a 31% revenue increase in its Power Systems segment for Q1FY27 and is accelerating a new 45,000 MVA transformer plant to meet rising demand.