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India to invest Rs 9.12 trillion in power transmission infrastructure by 2032

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India plans to invest Rs 9.12 trillion to enhance its power transmission infrastructure by 2032, as detailed in the National Electricity Plan (Transmission) presented by Union Minister Shripad Yesso Naik in the Rajya Sabha.  The plan covers the addition of 1,91,474 circuit kilometers (ckm) of transmission lines and 1,274 Giga Volt Ampere (GVA) of transformation capacity at 220 kV and above voltage levels between 2022-23 and 2031-32. The plan emphasizes integrating 33.25 GW of High…

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Sterlite Power and Infravision partner to modernize India’s power transmission infrastructure

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Sterlite Power has teamed up with Infravision to modernize India’s power transmission infrastructure using advanced, technology-driven construction methods.  India’s plan to build 50,000 ckm of transmission lines by 2030 underscores the need for efficient, scalable solutions, and Sterlite Power aims to be a key player in this transformation. Through this partnership, Infravision will provide its innovative transmission construction technology to support 100% of Sterlite Power’s stringing needs across high-voltage projects, ranging from 400 kV to…

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Patel Engineering reports 151% profit surge in Q2 FY25

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Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25.  For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with Patel Engineering recently being declared…