Major stir in the energy sector with the expansion of Power Grid and Torrent Power

The country's energy sector is currently witnessing significant activity due to the financial results of various companies and policy changes. According to a Business Standard report, Power Grid Corporation of India expects large-scale growth in the coming times. The company has a strong order book of ₹2.2 lakh crore, driven by GEC-3, HVDC, inter-state transmission, and storage projects. However, land acquisition and the competitive bidding process could become major challenges for the company.

On the other hand, Torrent Power has performed remarkably in the second quarter of the financial year 2026-27. The company's consolidated revenue rose by 24 percent to ₹9,801.58 crore, compared to ₹7,876 crore in the same period last year. The company's profit after tax stood at ₹837.96 crore, which is higher compared to the previous year's ₹741.55 crore. Torrent Power's EBITDA increased by 26 percent to ₹1,988 crore. The company's total installed power generation capacity is 6.8 GWp, which includes gas, renewable, and coal-based plants.

Results for Zydus Wellness in the FMCG sector have also been released. In the September quarter, the company reported a consolidated net profit of ₹5.1 crore, whereas in the same period last year, the company had incurred a loss of ₹52.8 crore. The company's revenue from operations increased to ₹1,126.6 crore, which was earlier ₹650.5 crore. However, the company's total expenses also rose to ₹1,125.4 crore. On the BSE, the company's shares were trading 0.63 percent higher at ₹486.25.

In Kerala, the political controversy over electricity has intensified. According to an NDTV report, the Electricity Employees Federation of India has demanded an independent inquiry into the Kerala government's decision to purchase electricity through a private trading platform. Elamaram Kareem has alleged that purchasing 500 MW of electricity from GNA Energy at a price of ₹8.63 per unit will put an additional financial burden of ₹727 crore on KSEB. He also alleged that KSEB Chairman M.G. Rajamanickam was transferred for not following the government's instructions. Furthermore, the deadline for the second phase of the smart meter tender is ending on November 11.

Tamil Nadu government has also announced the new Battery Energy Storage Systems (BESS) Policy 2026, which aims to achieve a capacity of 10 GWh by 2029. Under this policy, 10 percent BESS capacity has been made mandatory for solar projects of 1 MW or more. Tamil Nadu Power Distribution Corporation Limited will purchase 2,500 MW of storage capacity in the first phase. Eligible projects will be given a full waiver on transmission charges for 10 years.