Daijiworld Media Network – New Delhi
New Delhi, Jan 11: India’s power transmission and distribution (T&D) sector has steadily emerged as a key pillar of the country’s energy transition, driven by rapid expansion of renewable energy capacity and rising electricity demand across industries, data centres, railways and urban infrastructure.
With the national grid being tasked to handle far more than basic power transmission, the Centre has announced an ambitious capital expenditure plan of ?2.4 lakh crore for transmission infrastructure by FY30. The investment is aimed at supporting India’s target of achieving 500 GW of renewable energy capacity, enabling large-scale transfer of solar and wind power from resource-rich states such as Rajasthan and Gujarat to major load centres across the country.
This strong policy push, coupled with growing global demand, has created a favourable environment for companies operating in the T&D space. The impact is already visible in rising order inflows, robust multi-year order books and improved execution capabilities across the sector.
Among the major beneficiaries is Hitachi Energy India, which plays a critical role in grid technology, digitisation and integrated power solutions, contributing to the strengthening of India’s energy security. The company has recorded strong growth momentum, particularly in the second quarter of FY26.
As of September 2025, Hitachi Energy India’s order book stood at ?29,413 crore, providing significant revenue visibility for the coming quarters. Management has indicated that this healthy backlog will be leveraged to sustain growth, provided execution remains on track.
The company reported solid year-on-year growth in orders from the renewables segment, which accounts for about 40% of its order book, while Rail and Metro projects contributed 61%. Exports form a key growth lever, making up 25–30% of the order book, with presence across Europe, Southeast Asia, the Middle East and North America.
On the financial front, the company posted a sharp improvement in performance. Revenue rose 23.3% year-on-year to ?1,915 crore in Q2 FY26, backed by strong execution. Profit after tax surged nearly five-fold to ?264 crore from ?52 crore in the same quarter last year, driven by a significant expansion in EBITDA margins from 8.1% to 15.2%.
With large investments planned in grid infrastructure and renewable integration, the T&D sector is expected to remain a key growth engine in India’s energy landscape in the years ahead.