India Power Grid Corporation has raised its capital expenditure forecast for the current financial year to Rs 32,000 crore from an earlier estimate of Rs 28,000 crore, reflecting strong execution prospects.In FY26, the company won seven Tariff Competitive Bid (TBCB) contracts including NCT cost of Rs 3,626 crore and fees of Rs 328.4 crore, including transmission system for evacuation of power from pumped hydropower project in Uttar Pradesh.
Under the Budget 2026, the government has proposed to increase the total investment by nine state-run power sector companies to Rs 1,01,762.92 crore in 2026-27, an increase of nearly 19 per cent over the previous year.
Under this initiative, Finance Minister Nirmala Sitharaman has proposed increasing investment in Power Grids from Rs 28,000 crore for RE and Rs 25,000 crore for BE to Rs 37,000 crore next fiscal year.
Under the Budget 2026, the government has proposed to increase the total investment by nine state-run power sector companies to Rs 1,01,762.92 crore in 2026-27, an increase of nearly 19 per cent over the previous year.
Under this initiative, Finance Minister Nirmala Sitharaman has proposed increasing investment in Power Grids from Rs 28,000 crore for RE and Rs 25,000 crore for BE to Rs 37,000 crore next fiscal year.
In the third quarter, the power giant partnered with Africa 50 to expand its global transmission footprint through a Kenya PPP project with an estimated cost of $311 million.
Under the partnership, the company will develop, finance, construct and operate the 400kV Lessus-Rusku transmission line and the 220kV Kisumu-Musaga transmission line under a PPP framework.