New Delhi, April 24 -- India's power transmission sector is poised for a recovery in FY27 after five subdued fiscals, with regulatory shifts and new investment models expected to reshape capital flows and asset utilisation, according to a research report by SBI Caps.

Transmission line and substation additions consistently fell short of targets between FY22 and FY26 due to multiple bottlenecks -- right-of-way delays, complex land valuation, the GIB ruling, and equipment shortages caused by limited imports from China. However, FY26 showed early signs of improvement, with transmission line additions rising 37% year-on-year and substation augmentation nearly meeting targets. Even so, the National Electricity Plan goal for March 2027 is likel...