Cabinet approves ₹1.86 lakh crore Green Energy Corridor-III

The Union Cabinet has approved ₹1.86 lakh crore for Green Energy Corridor Phase III (GEC-III), aimed at strengthening India's renewable power transmission network and expanding battery storage infrastructure. The initiative has two major components: Intra-State Transmission Systems: ₹1,36,378 crore, accounting for 73.2% of the allocation, to improve grid capacity and renewable energy evacuation. Battery Energy Storage Systems (BESS): ₹50,000 crore for 50 GW of storage capacity, representing 26.8% of the allocation. The programme targets evacuation of 135 GW of renewable energy and supports India's transition towards a stronger, more flexible power grid. Why it matters The investment creates opportunities across the power infrastructure value chain, including transmission towers, conductors, transformers, cables, switchgear, substations, battery cells, energy management systems and project execution. Companies such as Power Grid Corporation, Siemens Energy India, ABB India, Hitachi Energy India, CG Power, KEI Industries, Polycab, Sterlite Technologies, Exide Industries and Amara Raja Energy & Mobility may attract market attention based on their exposure to relevant segments. However, actual benefits will depend on project awards, order execution and competitive positioning. Key risks to monitor Execution delays, land and right-of-way issues, state-level approvals, battery-cell import dependence, pricing pressure and working-capital requirements could affect project timelines and profitability. What to watch next Investors should track tender announcements, order inflows, project execution schedules, domestic battery manufacturing capacity and the extent to which companies convert this policy-driven opportunity into revenue and cash flow. Market view: Structurally positive for the power infrastructure ecosystem, with company-level benefits dependent on execution.