PM DHARA's ₹1.86 lakh crore scheme opens multi-year opportunity for transmission companies: Elara's Harshit Kapadia
CNBC-TV18 51 min ago·1 Oct 2026, 6:59 am
The government's PM Dhara scheme, with a massive outlay of ₹1.86 lakh crore, is a major boost for the power transmission sector. This funding is designed to strengthen the national grid, creating a sustained demand for transmission equipment and infrastructure projects over several years.
For investors, this policy shift signals a positive outlook for companies in the power transmission space. The increased focus on grid reliability and expansion offers a clear growth narrative for these firms, potentially leading to improved financial performance and market valuation.
Investors should monitor the project award timelines and the execution capabilities of these companies. Tracking the progress of transmission projects and the financial results of key players will be essential to gauge the actual impact of this government initiative on the sector.
Excerpt from CNBC-TV18
The PM Dhara scheme is expected to create a multi-year opportunity for transmission equipment makers, while railway and metro spending should support RITES and BEML, says Elara Securities' Harshit Kapadia. Which companies are best placed to benefit from these investments? Disclaimer: The views and tips expressed by…Read the original at CNBC-TV18
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Rites (RITES).
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions BEML.
Why it matters
This is a high-impact development for Rites and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
