ICICI Direct
June 11, 2025 at 06:52 AM
*News Update*
The ⚡️Power Minister announced significant industry advancements:
- Doubling generation to 472 GW, with non-fossil sources soon exceeding 50%.
- AT&C losses are down, and smart meter installations are rapidly increasing.
- Nuclear capacity is set to expand dramatically.
- New HVDC lines to UAE and Saudi Arabia are planned, along with BESS project funding and transmission waivers.
✅ *Our View:* Various measures to *improve the electric power sector* will bring in ordering opportunities for *companies present in the entire supply chain*, namely BHEL, L&T, Thermax, TARIL, HITACHI Energy, PowerGrid, Tata Power, KEC International, Techno Electric, HPL Electric and Power Utilities among others.
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