IndiGrid to Pay Up to Rs 1,336 Crore for Luhri Power Transmission
Infrastructure investment trust IndiGrid is set to acquire Luhri Power Transmission for a consideration of up to Rs 1,336 crore, according to a report published on 26 September 2026 by Energy Economic Times. The transaction involves a transmission entity associated with the hydel power sub-sector, extending IndiGrid's footprint in India's power transmission space.
| Detail | Information |
|---|---|
| Acquirer | IndiGrid |
| Target | Luhri Power Transmission |
| Deal Value | Up to Rs 1,336 crore |
| Sub-sector | Hydel Based Power (Transmission) |
| Reported | 26 September 2026 |
Context: Luhri and Hydel Transmission Assets
Luhri Power Transmission is understood to be associated with hydel generation infrastructure. Transmission assets linked to hydroelectric projects have attracted increasing investor interest as India's renewable energy build-out expands the need for evacuation infrastructure from remote, often mountainous, generation sites.
For suppliers and contractors active in the power transmission segment, deals of this nature typically signal forthcoming capital allocation decisions by the acquiring entity as it integrates, upgrades or expands the acquired network.
Where India's Hydel Project Pipeline Stands
Projects India tracks 2,124 live projects in the Hydel Based Power sub-sector across India. The geographic concentration of these projects reflects the resource base: Himachal Pradesh leads with 435 tracked projects, followed by Arunachal Pradesh with 415 and Uttarakhand with 259. Maharashtra accounts for 181 projects, Jharkhand for 98 and Madhya Pradesh for 76. These six states alone represent the bulk of tracked hydel activity in the country.
A breakdown by project stage illustrates where the pipeline stands in terms of maturity. Of the 2,124 tracked projects, 1,068 are Under Approvals — the largest single cohort — while 263 have moved to Construction Started and 247 are recorded as Completed. A further 208 are at Planning stage, 142 are on Hold and 69 have received approvals and are awaiting construction commencement. The large Under Approvals cohort points to a substantial volume of activity that could transition into active procurement over the coming years.
Recent projects tracked by Projects India in this sub-sector include a Rs 7,457.68 crore Pumped Storage Hydel Power Project at Sonbhadra in Uttar Pradesh promoted by Jhariya Ananturja Private Limited, a Rs 5,800 crore Pumped Hydropower Storage Project at Sirohi in Rajasthan by Avaada Group, and a Rs 2,470 crore Bhivpuri Off-Stream Open Loop Pumped Storage Project in Raigad, Maharashtra by Tata Power, which has already entered construction. A full list of hydel based power projects in India is available on the platform.
Pumped Storage Driving New Hydel Investment
Several of the largest recent entries in the tracked pipeline are pumped storage projects rather than conventional run-of-river or reservoir schemes. Pumped storage is emerging as a preferred long-duration storage solution to complement variable renewable energy, and projects in states such as Maharashtra, Rajasthan, Andhra Pradesh and Madhya Pradesh have been entering approval queues in significant numbers. The Rs 12,788 crore Veeraballi Pumped Storage Project in YSR district of Andhra Pradesh and the Rs 11,054 crore Hydel Power Project at Sileru in Visakhapatnam — the latter promoted by APGENCO and at Approvals Received stage — are among the higher-value entries currently tracked. For more on the broader power projects sector in India, including transmission and generation, see the sector overview.
What this means for suppliers and contractors
For suppliers and contractors, the IndiGrid acquisition of Luhri Power Transmission is a signal that hydel-linked transmission assets are attracting institutional capital. When an infrastructure trust acquires a transmission entity, it commonly conducts asset assessments, upgrades ageing infrastructure and pursues capacity additions — each of which can generate procurement activity for equipment makers, civil contractors and operations and maintenance providers.
Beyond this specific deal, the broader pipeline data underlines where near-term opportunity is building. With 263 hydel projects already at Construction Started stage nationally and 69 more at Approvals Received, a measurable volume of work is approaching active tender and procurement phases. The 1,068 projects still Under Approvals represent a longer-horizon pipeline that suppliers should begin mapping now. Himachal Pradesh, Arunachal Pradesh and Uttarakhand — with a combined 1,109 tracked projects — are the primary geographies for hydel-related civil, electrical and mechanical supply chains.
Contractors and equipment makers can monitor emerging opportunities across the full tracked project database, including early-stage hydel and pumped storage schemes that have not yet reached public tender. Related coverage on recent hydel approvals includes the Kalai-II Hydro Project in Arunachal Pradesh, which received a cabinet nod at Rs 14,106 crore.
Frequently asked questions
How much is IndiGrid paying for Luhri Power Transmission?
IndiGrid is set to acquire Luhri Power Transmission for up to Rs 1,336 crore, as reported on 26 September 2026 by Energy Economic Times. No further breakdown of the consideration was available from the published headline.
How many hydel power projects are currently tracked in India?
Projects India tracks 2,124 live hydel based power projects across India. Of these, 1,068 are Under Approvals, 263 are at Construction Started stage and 247 are recorded as Completed, with the remainder at Planning, Hold or Approvals Received stages.
Which states have the most hydel power projects in India?
Based on Projects India data, Himachal Pradesh leads with 435 tracked hydel projects, followed by Arunachal Pradesh with 415 and Uttarakhand with 259. Maharashtra has 181, Jharkhand 98 and Madhya Pradesh 76 tracked projects.
