Power Sector Energised by Demand and Capex Driving Stocks Higher
POWER & RENEWABLE ENERGY

Power Sector Energised by Demand and Capex Driving Stocks Higher

The BSE Power index reached a record 8,497 as shares of power generation related companies rose on the back of strong demand and robust order books. The index has climbed 24 per cent in two months and outperformed the BSE Sensex, which declined 0.2 per cent. Six of the 15 stocks recorded all time highs.

Individual stocks posted notable gains, with Siemens Energy India up nine per cent and CG Power and Industrial Solutions advancing 6.4 per cent. ABB, GE Vernova T&D India, JSW Energy and Thermax also registered solid rises as investors favoured firms with visible capex and order momentum.

Hitachi Energy India reported an order backlog of Rs 295,550 million (mn), driven by over Rs 200,000 mn of high voltage direct current orders and two mega six gigawatt (GW) projects linking Khavda to Nagpur and Bhadla to Fatehpur. The company announced an additional capex of Rs 20,000 mn for its Vadodara transformer facility, taking cumulative announced investments to Rs 40,000 mn. Quarterly revenue rose 46.2 per cent to Rs 27,540 mn and profit after tax increased to Rs 3,300 mn.

Adani Green Energy commissioned a cumulative 3.37 gigawatt hour (GWh) battery storage system at Khavda in Gujarat, described as the largest single location deployment outside China and one of the fastest executed. The project was completed in 10 months and aims to strengthen grid reliability and enable round the clock renewable power. The company plans to add over 10 GWh in the coming year and scale storage to 50 GWh over five years.

CG Power and Industrial Solutions said order inflows raised its backlog to Rs 157,190 mn, a 59 per cent year on year increase, and cited strong demand in power systems. The company has expanded transformer capacity to 50,000 MVA from 17,000 MVA and plans to raise it to 65,000 MVA, with FY27 expected to bring accelerating earnings and greater earnings before interest, tax, depreciation and amortisation (EBITDA) contribution from commissioned projects.

The BSE Power index reached a record 8,497 as shares of power generation related companies rose on the back of strong demand and robust order books. The index has climbed 24 per cent in two months and outperformed the BSE Sensex, which declined 0.2 per cent. Six of the 15 stocks recorded all time highs. Individual stocks posted notable gains, with Siemens Energy India up nine per cent and CG Power and Industrial Solutions advancing 6.4 per cent. ABB, GE Vernova T&D India, JSW Energy and Thermax also registered solid rises as investors favoured firms with visible capex and order momentum. Hitachi Energy India reported an order backlog of Rs 295,550 million (mn), driven by over Rs 200,000 mn of high voltage direct current orders and two mega six gigawatt (GW) projects linking Khavda to Nagpur and Bhadla to Fatehpur. The company announced an additional capex of Rs 20,000 mn for its Vadodara transformer facility, taking cumulative announced investments to Rs 40,000 mn. Quarterly revenue rose 46.2 per cent to Rs 27,540 mn and profit after tax increased to Rs 3,300 mn. Adani Green Energy commissioned a cumulative 3.37 gigawatt hour (GWh) battery storage system at Khavda in Gujarat, described as the largest single location deployment outside China and one of the fastest executed. The project was completed in 10 months and aims to strengthen grid reliability and enable round the clock renewable power. The company plans to add over 10 GWh in the coming year and scale storage to 50 GWh over five years. CG Power and Industrial Solutions said order inflows raised its backlog to Rs 157,190 mn, a 59 per cent year on year increase, and cited strong demand in power systems. The company has expanded transformer capacity to 50,000 MVA from 17,000 MVA and plans to raise it to 65,000 MVA, with FY27 expected to bring accelerating earnings and greater earnings before interest, tax, depreciation and amortisation (EBITDA) contribution from commissioned projects.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement