Hitachi Energy and Siemens Energy are best positioned to capitalise on the expanding investment pipeline. (Representative image. Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jefferies on Monday has initiated coverage on India’s diversified industrials with a bullish outlook on the power transmission and distribution (T&D) segment as the country’s power capital expenditure (capex) is set to rise more than twofold over the next five years.

The brokerage has started coverage with a ‘Buy’ rating on Hitachi Energy India Ltd. and Siemens Energy India Ltd. It has however assigned a ‘Hold’ rating to CG Power and Industrial Solutions Ltd. with a target price of Rs 745.

According to Jefferies, India’s power capex is expected to surge 2.2 times to over $280 bil

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