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Evening peak power demand exposes gaps in India’s energy transition: Citi
India's power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power will remain important.
India's power sector set for up to 6 per cent CAGR on multi-vector capex upcycle: Citi
India's power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables, transmission, and grid storage.
Power Grid: steady returns ride power boom, but debt clouds outlook
India’s transmission giant benefits from a regulated, cash-flow-stable model and rising electricity demand, but fresh borrowing plans put the spotlight on leverage risks
70 smallcap stocks repay at least 50% or more returns to investors in April. What does May hold?
Among the biggest gainers was Indo Tech Transformers, which surged nearly 145% in April, topping the list of monthly performers. The company, which manufactures power and distribution transformers, has benefited from strong investor interest in India’s power transmission and capex cycle.
Bajel Projects shares jump 11% after bagging ₹400 crore transmission orders in MENA region
Bajel Projects shares jumped 11% after winning EPC contracts for 500 kV transmission lines in the MENA region, totaling ₹400 crore. The project aims to strengthen the power infrastructure and is expected to be completed within 11 months.
Hitachi Energy hits new high in weak market; IDBI Capital initiates 'Buy'
IDBI Capital believes that Hitachi Energy India is a potent play amid a growing theme of power transmission in India
Hitachi Energy, GE Vernova T&D, CG Power stocks rally as Citi initiates with bullish calls on transmission boom
Citi cited estimates from BloombergNEF that global transmission and distribution capex could reach about $15 trillion between 2025 and 2050, and that India is uniquely positioned to benefit from this trend. It said that transmission infrastructure is emerging as a key bottleneck in the global energy transition.
Power Grid Corporation: Poised for next capex cycle as India’s energy transition accelerates
Strong order inflows, rising capitalisation, and renewable energy transmission projects improve long-term earnings visibility