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Bihar Eyes Stock Market Listing for State Power Transmission Firm

The Bihar government is preparing to take its power transmission company public, marking a significant step toward increasing public participation in the state’s infrastructure growth. The move is expected to strengthen transparency and unlock new funding avenues for expansion.

According to Energy Secretary Manoj Kumar Singh, the state has initiated the process by issuing an Expression of Interest (EoI) to appoint merchant bankers. Bihar State Power Transmission Company Ltd (BSPTCL) is likely to become the first state-owned transmission utility in India to be listed on the stock exchange, with plans to debut on the NSE.

The company has laid out an ambitious capital expenditure plan of Rs 16,194 crore aimed at expanding and strengthening its transmission network. This investment is aligned with Bihar’s rapidly rising power demand, which reached around 8,800 MW last year and is projected to grow to 9,500 MW this year and further to 13,000 MW by 2030.

Officials indicated that the transmission business will be the first to go public due to its relatively stable revenue profile. Following this, the state may also explore listing its power distribution companies (discoms) within the next two years, once their financial performance becomes more consistent.