India's renewable energy push, data centre growth: Why Power Grid wants cable and wire makers to ramp up production
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Power Grid Corporation of India plans to spend more than ₹40,000 crore this year to boost transmission infrastructure.
- ✓Chairman Vamsi Rama Mohan Burra said, "This year should be much higher." The company wants cable makers to ramp up production to support rising electricity demand from data centres and renewable energy.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
State-owned Power Grid Corporation of India expects its capital expenditure to exceed the ₹40,000 crore invested in the previous financial year as it accelerates spending on transmission infrastructure to support India's growing electricity demand.
The expansion of renewable energy capacity, rapid urbanisation and rising electricity consumption from data centres are expected to create significant investment opportunities across the power transmission and electrical equipment sectors.
Power Grid Chairman Vamsi Rama Mohan Burra has urged domestic cable and wire manufacturers to expand production capacity, improve product quality and ensure timely execution of orders to meet the anticipated increase in demand.
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