India is in a growth stage and with energy demand picking up, The Union Ministry of Power has come up with the plan to invest around Rs 9.12 lakh crore to improve India’s power transmission infrastructure by 2031-32. The National Electricity Plan (Transmission) aims to add 1.91 lakh km of transmission lines and 1274 GVA of transformation capacity. Additionally, inter-regional transmission capacity is set to increase from 119 GW to 168 GW, with new technology and cross-border connections included in the strategy as per IANS. There is an opportunity for some of the stocks that can benefit from this investment in the long run.
Listed below are some of the Stocks to benefit from government plans to invest Rs. 9.1 lakh crore for expanding the electricity network
Adani Energy Solutions
Adani Energy Solutions Ltd is headquartered in Ahmedabad. It is one of India’s largest private power transmission companies. They offer energy solutions, including transmission, generation, and smart metering. With over 21,100 circuit kilometers of transmission lines and a transformation capacity of 57,000 MVA, it aims to expand its infrastructure significantly by 2030.
With a market capitalization of Rs. 1,00,974 Crores, the shares of Adani Energy Solutions Limited on Friday closed at Rs. 840.55 per equity share, up 15.56 percent from its previous day’s close price of Rs. 727.35.
Its Revenue from operations grew by 68.85 percent from Rs. 3,766.46 Crores in Q2FY24 to Rs. 6,359.8 Crores in Q2FY25, accompanied by profits of Rs. 275.88 Crores to Rs. 674.96 Crores.
Torrent Power
Torrent Power Ltd is an Indian power utility based in Ahmedabad which is engaged in power generation, transmission, and distribution. With an aggregate capacity of 4,328 MW, they operate coal, gas, and renewable energy plants. They serve over 4.13 million customers across various regions, emphasizing operational efficiency and customer service excellence.
With a market capitalization of Rs. 72,618.79 Crores, the shares of Torrent Power Limited on Friday closed at Rs. 1,510.95 per equity share, up 0.19 percent from its previous day’s close price of Rs. 1,508.05.
Its Revenue from operations grew by 3.27 percent from Rs. 7,069.11 Crores in Q2FY24 to Rs. 7,300.51 Crores in Q2FY25, accompanied by profits of Rs. 525.89 Crores to Rs. 481.03 Crores.
Shilchar Technologies
Shilchar Technologies Ltd was established in 1990. It is an Indian manufacturer specializing in power and distribution transformers. It is based in Vadodara, the company produces high-quality transformers for various sectors which includes renewable energy. Shilchar exports over 50 percent of its products globally and aims to enhance its manufacturing capacity significantly.
With a market capitalization of Rs. 6,417.95 Crores, the shares of Shilchar Technologies Limited on Friday closed at Rs. 8,415 per equity share, up 0.53 percent from its previous day’s close price of Rs. 8,370.95.
Its Revenue from operations grew by 23.58 percent from Rs. 106 Crores in Q2FY24 to Rs. 131 Crores in Q2FY25, accompanied by a profit of Rs. 24 Crores to Rs. 33 Crores.
Transformers and Rectifiers (India)
Transformers and Rectifiers (India) Ltd was established in 1994 and specializes in manufacturing a wide range of transformers which includes power, distribution, and rectifier transformers up to 1,200 kV. With advanced manufacturing facilities in Ahmedabad.
With a market capitalization of Rs. 15,020 Crores, the shares of Transformers and Rectifiers (India) Limited on Friday closed at Rs. 1,000.80 per equity share, up 2.75 percent from its previous day’s close price of Rs. 974.05.
Its Revenue from operations grew by 79.76 percent from Rs. 257 Crores in Q2FY24 to Rs. 462 Crores in Q2FY25, accompanied by a profit of Rs. 2 Crores to Rs. 46 Crores.
Written by: Santhosh S
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