Power Grid Corporation of India (PGCIL) announced a projected capital expenditure outlay of Rs 3,06,600 crore by 2032, with a strong focus on transmission infrastructure, renewable integration, and sustainability.

Of this, Rs 2,99,100 crore is earmarked for its core transmission business, and Rs 7,500 crore for other business segments. Currently, the PSU is managing projects worth Rs 1,54,680 crore, including Rs 1,05,094 crore under tariff-based competitive bidding (TBCB) and Rs 37,221 crore for real-time market (RTM) operations. The remaining Rs 9,580 crore and Rs 2,785 crore fall under miscellaneous and other categories, respectively.

The company targets a capex of Rs 28,000 crore in FY26, Rs 35,000 crore in FY27, and Rs 45,000 crore in FY28. PGCIL has also committed to ambitious sustainability goals, including sourcing 50 percent of its electricity needs from renewable energy by 2025, becoming net water positive by 2030, and achieving zero waste to landfill. The company has already reduced Scope-1 emissions by 40.61 percent and Scope-2 emissions by 5.23 percent, underscoring its drive toward environmental responsibility.