Energy and Power share price target

Company is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. Company's expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis, encompassing design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M)...

Power sector performance in Q4FY26 is expected to be mixed, with underlying demand showing limited traction. Peak demand grew by ~2% YoY to 245GW; energy consumption also rose by ~2% YoY to 425BU. Power prices continued to moderate, with DAM prices declining ~12% YoY to INR3.9/kWh, led by higher renewable generation and comfortable coal availability, keeping supply conditions benign. Operational performance remained mixed across playersNTPC reported ~4% YoY decline in generation with PLF moderating to 65% (-400 bps YoY), while Tata Power saw a sharp decline in generation due to disruptions at Mundra. CESC reported stable...

We expect a healthy Q4FY26 performance across our solar equipment manufacturing coverage, supported by (1) healthy execution driven by continued solar project commissioning, (2) improving domestic opportunity led by ALMM-led demand support, (3) healthy order book replenishment backed by steady order inflows, and (4) ongoing backward integration initiatives to aid margin profile. For Premier, we expect modest revenue growth of 36.2% YoY, driven by healthy order execution and ramp-up in module production. For Waaree, we forecast robust revenue growth of 83.2% YoY with a 3.0% QoQ decline, with EBITDA margins at 23.0% (-260bps QoQ), contracting...

Om Power Transmission Ltd. (OPTL) is a power transmission infrastructure EPC (Engineering, Procurement and Construction) company, with expertise in execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis and comprehensive operation & maintenance (O&M) services. The company's EPC capabilities extend to transmission lines ranging from 11...

Government estimates that achieving this target will require an investment of approximately INR 19,000 billion by 2047. We visited Tarapur Atomic Power Station (TAPS) in Palghar district of Maharashtra. Discussions at the plant centered on types of reactor technologies, status of small module reactors (SMRs), and safety measures followed at the site. The Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025, is a positive long-term policy signal for India's nuclear value chain (developer, EPC, component manufacturer), as it opens the sector to private participation and...

India Power Sector: Demand Momentum Builds; Transmission Build-Out and El Nio Converge

Our Top Earnings Plays in the sector: Skipper Ltd, Genus Power, and Inox Wind.

Our Top Earnings Plays in the sector: JSW Energy and Genus Power.

Our preferred picks in the sector: Generation companies: NTPC Ltd and NLC India Ltd Power Ancillaries: Skipper Ltd

Trump 2.0: Implications for Renewable Energy and Industrial Metals

360ONE: Strong quarter, but price runup limits the upside. IPRU: Strong growth but VNB margin dwindles. TATACONS: Strong performance in international markets. Power Monthly Tracker: Strong RE capacity addition, though below target

Power: CERC final tariff norms Maintaining policy continuity

CERC retains most of the norms specified in the draft tariff regulations in letter and spirit, ensuring stability of policy

Bonds Wrap: Fortnightly review. Crude Imports: India's crude import-story so far. Currency Outlook: Fortnightly forex review. GDP Forecast: GDP expectations for FY25. Diversified Financials: Sustained, strong demand for mutual funds. Power: Capacity addition quickens but lags annual targets

Power plant PLFs higher at 72.3% in Jan'24 and 68.5% YTD; government raises peak demand estimate 5% to 384GW by 2032

Q3 in line with flattish revenue growth YoY and healthy operational performance across our coverage universe

New draft tariff norms ensure stability of existing power assets and recognise risk-reward across asset classes

Peak power demand for December at 214GW with no demand unmet; thermal PLFs ~200bps above target

Peak demand for November at 205GW, declining 8% MOM with the onset of winter; Thermal PLFs up ~500bp YoY

India to add 20GW of RE capacity in FY24 and power producers now pursuing hybrid and RTC solutions, per ICRA