India’s power sector is experiencing strong momentum, with leading transmission companies reporting record Transmission & Distribution (T&D) order books of up to Rs. 29,000 crore as of September 2025. This order book surge is driven by major investments in grid expansion, renewable energy integration, and nationwide infrastructure upgrades. With a healthy demand pipeline and steady project execution, these companies enjoy solid revenue visibility and remain well-positioned for sustained, long-term growth.
Here are a few transmission companies with huge order books of up to Rs. 29,000 crore
With a market capitalization of Rs. 20,251.06 crore, the shares of Kalpataru Projects International Limited were currently trading at Rs. 1,185.85 per equity share, rising nearly 1.41 percent from its previous day’s close price of Rs. 1,169.40.
Kalpataru Projects International Limited reported a strong total order book of Rs. 64,682 crore as of 30 September 2025. The company’s largest and most important segment is Transmission & Distribution (T&D), which contributes 40 percent of the total orders, amounting to Rs. 26,275 crore.
The rest of the order book is spread across key sectors such as Buildings & Factories (Rs. 18,758 crore), Water (Rs. 8,379 crore), Oil & Gas (Rs. 5,826 crore), Railways (Rs. 2,977 crore), and Urban Infrastructure (Rs. 2,467 crore), reflecting a well-diversified project portfolio.
Kalpataru Projects International Limited, part of Kalpataru Group, is engaged in engineering, procurement, and construction (EPC) for power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility, highways, and airports. It executes large-scale projects globally in over 75 countries with in-house design and manufacturing capabilities.
With a market capitalization of Rs. 18,740.48 crore, the shares of KEC International Limited were currently trading at Rs. 704 per equity share, down nearly 1.32 percent from its previous day’s close price of Rs. 713.40.
KEC International Limited recorded an order book and L1 position of Rs. 44,000 crore. The Transmission & Distribution (T&D) segment remains the dominant contributor, accounting for 65 percent of the total order book and a L1 position of around Rs. 29,000 crore
The rest of the portfolio includes 25 percent from Civil, 7 percent from Transportation, 2 percent from Cables & Conductors, and 1 percent from the other segment. Overall, the orders are well balanced geographically, with 55 percent domestic and 45 percent international projects.
KEC International Limited is a global EPC company focused on power transmission & distribution, railways, civil infrastructure, solar, cables, and oil & gas pipelines. The company executes complex projects across more than 110 countries using integrated capabilities from concept to commissioning and manufacturing in India, Dubai, Brazil, and Mexico.
With a market capitalization of Rs. 1,10,593.22 crore, the shares of Siemens Energy India Limited were currently trading at Rs. 3,105.50 per equity share, rising nearly 0.19 percent from its previous day’s close price of Rs. 3,099.50.
Siemens Energy India Limited reported that its order backlog reached Rs. 16,205 crore as of September 2025, marking a strong 47 percent increase compared to the same period last year. The company added that new orders for the quarter remained stable at Rs. 2,351 crore, reflecting steady demand across its key business segments.
Siemens Energy India Limited is engaged in energy technology solutions for power generation, transmission, grid technology, storage, and industrial processes. It supports sustainable energy transition with products covering the full energy value chain, including conventional and renewable systems, operating pan-India.
With a market capitalization of Rs. 7,645.88 crore, the shares of Transrail Lighting Limited were currently trading at Rs. 569.50 per equity share, down nearly 5.36 percent from its previous day’s close price of Rs. 601.75.
Transrail Lighting Limited reported a strong unexecuted order book of Rs. 17,799 crore, including L1 positions, as of 30 September 2025. Of this, Rs. 15,117 crore represents the active un-executed order book, showing a robust 46 percent year-on-year growth.
The Power T&D (including substations) segment contributes the largest share of the order book at Rs. 14,059 crore, accounting for 93 percent of the order. The remaining portfolio is spread across civil (4 percent), railways (1 percent), and pole & lighting (1 percent). The order book continues to be well balanced geographically, with 61 percent domestic and 39 percent international projects.
Transrail Lighting Limited is an EPC company specializing in power transmission lines up to 1200kV, substations up to 765kV, renewables, civil construction, railways, and pole & lighting solutions. The company provides turnkey services from design to commissioning, manufacturing towers and conductors in India for global clients in more than 60 countries.
With a market capitalization of Rs. 70,668.84 crore, the shares of GE Vernova T&D India Limited were currently trading at Rs. 2,760 per equity share, down nearly 1.50 percent from its previous day’s close price of Rs. 2,802.15.
As of 30 September 2025, GE Vernova T&D India Limited holds total orders of Rs. 13,105.6 crore, dominated by the private sectors, which contribute Rs. 8,992.4 crore (68 percent). Central utilities and PSUs add Rs. 3,758.2 crore (29 percent), reflecting strong institutional demand, while the state utilities account for Rs. 355 crore (3 percent).
GE Vernova T&D India Limited (formerly GE T&D India) is engaged in power transmission and distribution infrastructure, offering products from medium to ultra-high voltage (1200kV) like transformers, switchgear, substations, and power electronics.
Written By – Nikhil Nai
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