BBL.NSE

Bharat Bijlee Ltd.

New Delhi [India], January 31: With the government expected to further step up support for infrastructure and real estate in the upcoming Union Budget 2026, India's elevator and smart vertical mobility industry stands to gain significantly. The sector underpins construction and real estate, together contributing nearly 16% to India's GDP, and plays a critical role in housing, metro projects and urban infrastructure. Ahead of the Budget, industry stakeholders are seeking sustained infrastructure spending, targeted incentives for digitalisation and stronger measures to boost local manufacturing to support safe, smart and scalable urban growth. India's elevator and escalator market, now the world's second-largest vertical mobility sector, is emerging as a high-growth investment opportunity, driven by rapid urbanisation, a construction boom and rising demand for smart, safe and energy-efficient vertical transportation. With additional budget outlay for the infrastructure and real estate sectors, the elevator and lift industry today valued at USD 15 billion is expected to record USD 22-23 billion by 2033, considering the strong long-term potential for both domestic and global manufacturers.

Rising power demand and India’s expanding infrastructure have fueled the growth of transformer manufacturing companies such as Voltamp Transformers, CG Power & Industrial Solutions, Bharat Bijlee, Transformers & Rectifiers (India), Hitachi Energy India.