India's power transmission and distribution (T&D) sector is experiencing a major investment cycle, crucial for the nation's energy transition and economic growth. The government has outlined an ambitious plan to enhance its power transmission infrastructure, earmarking approximately ₹9.12 lakh crore (US$107.89 billion) for capacity augmentation by 2032 under the National Electricity Plan (Transmission). Within this broader framework, a specific transmission capital expenditure (capex) plan of ₹2.4 lakh crore is targeted by FY30 to support the evacuation of 500 GW of non-fossil based energy by 2030 and meet rising electricity demand. This robust investment landscape is creating significant opportunities for companies in the T&D segment. The article highlights three key players identified as 'winning' this race: Hitachi Energy India, KEC International, and Kalpataru Projects International. These companies are reportedly benefiting from strong structural tailwinds, evident in their increasing order inflows, multi-year backlogs, and improved project execution. For instance, Hitachi Energy India has shown exceptional growth momentum with a substantial order book, while KEC International and Kalpataru Projects International have also secured significant new orders in the power transmission and distribution sector both domestically and internationally. While the headline's comparison to L&T (Larsen & Toubro), a diversified conglomerate and a major player in infrastructure, is an editorial projection of potential rather than a current factual equivalence, it underscores the anticipated growth and importance of these companies within the power sector. The overall market for power transmission and distribution equipment in India is projected to reach significant revenues by 2030 and 2033, driven by increasing energy demand, integration of smart grid systems, and supportive government policies. The focus on strengthening the grid is paramount for efficiently evacuating clean energy from resource-rich states to consumption centers and ensuring grid stability amidst the rapid expansion of renewable energy capacity. Private capital is increasingly being sought to support this expansion, emphasizing the role of companies like those highlighted in the article.