Om Power Transmission’s Rs 150 crore IPO is nearing its close with about 81% subscription. Retail demand remains steady, but grey market premiums point to a modest potential listing gain rather than a blockbuster. The EPC company plans to use IPO proceeds for business expansion, reducing debt, and supporting its strong order book amid competitive power transmission projects.
India’s power transmission sector is forecast to turn around by FY27 after five years of weak performance. New regulations and alternative investment models are expected to boost capital flow and improve how assets are used. The biggest growth potential is tied to renewable integration and energy storage, but funding may depend heavily on monetising existing assets.
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India’s power transmission and distribution sector is forecast to deploy about INR 9 trillion in capex by 2032, supported by growing grid needs and global demand—especially from the US and Europe. Orders may slow temporarily due to high capacity utilization and longer delivery times for high-voltage transformers, but the overall outlook stays positive for Indian manufacturers.
Sterlite Electric has teamed up with Spanish firm RDT Lumiker to produce advanced smart cable monitoring systems aimed at fast-growing power demand from AI and data centres. The technology will help utilities track asset performance and detect faults in real time, strengthening power transmission networks. Initial production is set for Spain, while a new facility is planned in India.
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