Annual rank9
Croatia · Industrials
Dalekovod
Designs and manufactures power infrastructure and has expanded from energy into transportation and information-and-communication technology.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
Grid engineering, specialist hardware and field delivery
Dalekovod is a Croatian engineering group that designs, manufactures and constructs electricity and transport infrastructure. Dalekovod-Projekt supplies engineering, Dalekovod OSO makes specialist overhead-line hardware, and Dalekovod d.d. delivers projects in the field. Its work ranges from 750 kV substations and long-distance transmission lines to railway electrification, with Norway and Sweden among its principal international markets.
Operating model
Design, hardware and construction sit in one group
Dalekovod-Projekt prepares power, transport, renewable-energy and communications designs; engineers use drones plus optical, thermal and laser cameras for surveys and condition analysis. Dalekovod OSO supplies line hardware, while the construction business carries projects through assembly, testing and commissioning.
- How the group is organised Design, production, construction and specialist subsidiaries
- Engineering and digital surveys Power, rail, renewable and communications design capabilities
- Specialist line equipment Suspension, joining, conductor and vibration-control hardware
- Turnkey construction Lines, substations, rail systems, tunnels and communications
Equipment and systems
From laboratory-tested fittings to 750 kV substations
At Velika Gorica, Dalekovod OSO develops and tests fittings and damping systems for overhead networks, with an accredited laboratory supporting product verification. Project references extend from the multi-voltage Plat substation in Croatia to the 750/330 kV Kijevska installation in Ukraine and a 390 km, 500 kV line designed, supplied and built with local subcontractors in Kazakhstan.
- Inside the testing laboratory Mechanical, electrical and vibration testing for grid and rail equipment
- Substations up to 750 kV Named Croatian, Ukrainian and Bosnian references
- A 390 km line in Kazakhstan Design, supply and construction of the 500 kV Agadyr–YuKGRES route
- Line-hardware range Fittings, vibration controls and systems for high-temperature conductors
Projects in the field
Fjords, German corridors and a Croatian railway
On Norway's Vik-Sogndal line, crews are installing 50-metre towers for a fjord crossing in demanding wind and terrain. In Germany, the Landesbergen-Borken programme covers a 30 km section of 380/220/110 kV rehabilitation. The Dugo Selo-Križevci railway combines 35 km of reconstructed track, 35 km of new track and four stations.
- Vik-Sogndal fjord crossing A 420 kV Norwegian project using 50-metre towers
- Landesbergen-Borken Rehabilitation of a multi-voltage German transmission corridor
- Dugo Selo-Križevci railway Track, electrification, signalling and station modernisation
- ▶ VideoWatch the railway project Official language-neutral field footage with an English title and description
Recent project momentum
Three project milestones now sit beside investment financing
By 30 July, Dalekovod had announced a selected €135 million German grid bid, four signed Swedish design contracts worth nearly €30 million and covering nearly 600 km of 400 kV lines, a corrected notice covering consortium contracts totaling €53.76 million for a 131.25 MW wind farm and its grid connection in North Macedonia, and access to up to €81.5 million for planned investment projects. Selection, signed contracts and financing access are different stages and are presented separately.
- €135m German grid selection Ovenstädt-Eickum conductor and suspension replacement
- Nearly 600 km of Swedish design work Four 400 kV programmes led with engineering partner Tyréns
- North Macedonian wind project Two consortium contracts for wind-farm works and the 400 kV grid connection
- Project financing agreement Access to up to €81.5m for planned investment projects
- International operating footprint Subsidiaries and branches across Nordic and other markets
Official profile sources: Beginnings & Development | Dalekovod
Current 2026 update
What is changing at Dalekovod in 2026?
Dalekovod is stretching across more of the grid-project lifecycle. Selected bids in Germany and Sweden could add long-dated field scope; separate Swedish contracts move the design arm upstream; North Macedonia combines wind construction with a 400 kV connection; and a financing agreement provides access to investment funds.
The change in one sentence
Selection, design, construction and financing now appear side by side.
The items sit at different stages and should not be collapsed into one pipeline figure. Germany and the larger Swedish line programme are selected bids, separate Swedish work is signed design, North Macedonia is signed consortium construction, and EUR 81.5 million is a financing-access ceiling whose drawdown and use are not disclosed.
Four lenses on 2026
The same four-quadrant format used in the Company profile.
01 · Two selected corridors
German and Swedish bids could add long-dated grid field work
TenneT selected Dalekovod’s offer for LOT1 of the 380 kV Ovenstädt–Eickum project in Germany: replacement of suspension and conductors on 45.4 km of double-circuit line, stated at EUR 135 million with delivery planned from October 2026 to September 2029. On 25 September, Swedish operator Svenska kraftnät notified Dalekovod that its bid was selected for two new parallel 400 kV lines along a 94 km Mehedeby–Uppsala route, including removal of existing 220 kV lines and construction of a new 220 kV line. That project is valued above EUR 300 million and scheduled for 2027–2031. Both releases describe selected bids; neither alone establishes signed contracts, work started or recognised revenue.
- Current signalSelected bids: Germany EUR135m; Sweden >EUR300m, both conditional on contract execution
- Why it mattersTwo large corridor selections extend the possible multi-year field pipeline, while award stage, contract signature and actual construction remain separate milestones.
- Dalekovod 2026-07-27
- Dalekovod 2026-09-25
02 · Different ends of the lifecycle
Swedish design and Macedonian construction show two different group roles
Dalekovod-Projekt leads Tyréns on four Svenska kraftnät programmes worth nearly EUR 30 million and covering nearly 600 km of 400 kV lines, from feasibility and concept work through detailed design, construction support and as-built documents; documentation runs to 2034 and overall completion as late as 2038. In North Macedonia, a Dalekovod-KONČAR consortium signed contracts totaling EUR 53.76 million for 21 wind turbines with 131.25 MW capacity, a 400/35 kV substation and a double 400 kV line to MEPSO. Dalekovod's share is not disclosed.
- Current signalNearly EUR 30m and 600 km of design · 21 turbines and a 400 kV grid link
- Why it mattersThe design subsidiary participates upstream in project definition, while the consortium combines turbine, substation and grid-connection delivery; the consortium total is not Dalekovod-only revenue.
- Swedish design contracts Dalekovod · 2026-03-19
- North Macedonia contracts Dalekovod · 2026-06-30
03 · The investment capacity
Dalekovod joins a group financing agreement for planned investment projects
KONČAR Group signed a EUR 320 million project-financing agreement with EBRD, IFC, PBZ and ZABA. Dalekovod is included in the arrangement and can access up to EUR 81.5 million for planned investment projects. The release does not identify the projects, amount already drawn, timing, conditions or allocation between execution, equipment and other capacity.
- Current signalAccess up to EUR 81.5m · use and drawdown undisclosed
- Why it mattersFinancing capacity can support an investment programme, but access is not the same as investment completed, cash drawn or contract revenue.
- Project financing Dalekovod · 2026-07-30
04 · What to watch
Three questions for the next disclosures
Three questions track conversion from announcement to executable work and investment.
- Selected-bid conversionDoes Dalekovod disclose contract signature and commencement for the German and Swedish selected bids on their planned timetables?
- Project milestonesDo Swedish documentation milestones and North Macedonian construction commence and progress, and is Dalekovod's consortium share disclosed?
- Financing useHow much of the EUR 81.5 million access is drawn, for which investment projects and on what timetable?
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 9 | +104% | +1466% | +268% |