New Delhi: India’s power transmission sector is witnessing an unprecedented boom, with the combined transmission order book of leading companies touching an impressive ₹2.08 lakh crore after Q2FY26. Driven by large-scale HVDC, EHV, and grid-modernisation projects, the sector is entering what analysts call a multi-year megacycle, propelled by renewable energy expansion, RE evacuation corridors, and international EPC opportunities.
Hitachi Energy India leads the industry with an order backlog of ₹29,413 cr, supported by record HVDC orders and visibility in massive projects such as the Khavda RE complex and the Marinus Link. Close behind is KEC International with ₹29,000 cr, driven by 5 ongoing HVDC projects and strong traction from ME, Africa, and domestic TBCB bids.
KPIL, with ₹26,275 cr in T&D orders, continues to strengthen its global EPC presence, executing projects across 30+ countries. Siemens Energy India follows with a ₹16,205 cr book, supported by demand for GIS/AIS, FACTS, STATCOM, and automation solutions across domestic and export markets.
Transrail Lighting has posted ₹14,610 cr in orders, driven by heavy T&D inflows including ₹14,062 cr core T&D and an additional ₹548 cr of fresh wins. GE Vernova T&D India, with ₹13,110 cr, is positioned strongly with its GIS/AIS portfolio and a steady pipeline of 2–3 HVDC projects annually.
CG Powe, Power Systems maintains a robust ₹14,953 cr book, dominated by transformer orders and export demand. Techno Electric, with its expanding EPC presence, continues to grow as grid strengthening becomes a national priority.
Sector experts note that India’s surge in RE capacity, especially solar and wind growth, requires massive transmission upgrades, ensuring sustained order flows for at least the next 5-7 years. With domestic demand and global projects rising simultaneously, transmission EPC and equipment companies are set for consistent revenue visibility and margin stability.
