Business news · Policy & Regulation · 30 Sept 2026
IN Power Capital Goods Construction
The Union Cabinet approved the third phase of the Green Energy Corridor: Rs 1.86 lakh crore to strengthen state-level transmission networks so that up to 135 GW of renewable capacity can be connected, along with 50 GWh of battery energy storage, by FY 2032-33. Central financial support is Rs 54,082 crore. State transmission utilities run the scheme.
The money reaches listed companies as orders: transmission lines, substations, transformers, cables and battery systems. New (greenfield) lines are to be awarded through tariff-based competitive bidding, which opens them to private transmission developers, while upgrades of existing networks stay on a cost-plus basis with state utilities. Renewable generators gain from evacuation capacity that has been a bottleneck for commissioned plants. Spending is spread over about seven years.
Reported by DT Next — “Cabinet approves Rs 1.86 lakh cr Green Energy Corridor to evacuate 135GW renewable energy” ↗ on 30 Sept 2026.
NSE stocks, from the last close on or before 30 Sept 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Power | 23 | -3.2% | 3 of 23 | -1.5 pts |
| Capital Goods | 126 | -3.6% | 34 of 126 | -1.9 pts |
| Construction | 24 | -2.5% | 6 of 24 | -0.8 pts |
| All tracked stocks | 804 | -1.7% | 290 of 804 | — |
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