Stories
PM DHARA's ₹1.86 Lakh Crore Scheme Unlocks Multi-Year Opportunity for Transmission Companies
C
CNBC TV18•01-10-2026, 12:29
PM DHARA's ₹1.86 Lakh Crore Scheme Unlocks Multi-Year Opportunity for Transmission Companies
- •PM DHARA scheme, valued at ₹1.86 lakh crore, is set to create significant growth for transmission equipment manufacturers and cable makers.
- •Elara Securities' Harshit Kapadia expects tendering for the scheme, aimed at evacuating 135 GW of renewable energy, to accelerate in the next six months.
- •Approximately ₹1.44 lakh crore of the scheme is allocated for transmission infrastructure, benefiting companies like Hitachi Energy, Siemens Energy, and Polycab.
- •The scheme will be implemented over five years, with the transmission component boosting capital goods companies supplying high-voltage products.
- •Railway and metro capital expenditure remains healthy, supporting companies such as RITES and BEML with substantial order books and projected growth.
Key Questions Answered
The Union Cabinet approved the PM Developing Harmony and Accelerating Renewable Energy Access (DHARA) scheme with a total value of ₹1.86 lakh crore, aimed at evacuating 135 GW of renewable energy and strengthening the transmission network.
Companies expected to benefit from the transmission infrastructure push include Hitachi Energy, Siemens Energy, CG Power, Polycab, KEI Industries, and Apar Industries.
The scheme will be implemented over five years with tendering expected to gather pace after about six months. Out of the total ₹1.86 lakh crore, around ₹1.44 lakh crore is expected to be spent on transmission infrastructure, while the rest goes to battery energy storage systems.
