India may need over ₹4 lakh crore investment in energy storage by FY32: Report
AI Summary
The projected Rs 4 lakh crore investment in energy storage by FY32 highlights a significant shift in India's power sector, emphasizing the need for robust infrastructure to support the growing share of renewable energy. Retail investors should consider the potential opportunities in energy storage technologies and related sectors, as the increasing reliance on renewables will likely drive demand for companies involved in battery systems and transmission solutions. Furthermore, while coal-based thermal power is expected to maintain its relevance in the near term, the dual focus on renewables and traditional energy sources suggests a complex landscape for energy investments in India.
India’s shift towards renewable power is expected to create a major requirement for energy storage, with over Rs 4 lakh crore of storage-related investment estimated to be needed by FY32, according to CareEdge Ratings.
The report said India’s power sector is moving from a challenge of adding generation capacity to a new challenge of integrating increasing renewable capacity into the electricity system.
Original Article
Published on Hindu BusinessLine
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This is a economy news update from Hindu BusinessLine, published on 28 September 2026.
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