India's power utilities rise as Investec sees long-term demand strength

Inox Wind

10/09/2025 06:55

** Shares of Indian power utilities rise between 0.3% and 2%

** Investec reaffirms its positive stance on the Indian power utilities sector

** Believes recent "short-term demand swings are cyclical and temporary, and long-term outlook remains strong as connectivity improves and consumption rises

** Says recent decline in stock prices of JSW Energy JSWE.NS, CESC CESC.NS, NTPC NTPC.NS, Inox Wind INOX.NS and Kalpataru Projects KAPT.NS provide attractive entry opportunities; maintains "buy" rating on these stocks

** Forecasts India's power demand to grow at a CAGR of 5.3% from FY25 to FY32, reaching 367 GW, driven by urbanisation and rising temperatures

** India's plan to add approximately 250 GW of new capacity by FY30, which will require significant capital expenditure in transmission - Investec

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))