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Business news · Policy & Regulation · 30 Sept 2026

Cabinet clears Rs 1.86 lakh crore Green Energy Corridor Phase III with 50 GWh of battery storage

IN Power Capital Goods Construction

What happened

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.

Why it matters for listed companies

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.

How these sectors have moved since

NSE stocks, from the last close on or before 30 Sept 2026 to the close on 15 Oct 2026.

SectorStocksMedian moveUpvs all stocks
Power23 -3.2%3 of 23-1.3 pts
Capital Goods126 -3.9%35 of 126-2.0 pts
Construction24 -2.6%8 of 24-0.8 pts
All tracked stocks804-1.9%285 of 804—
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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