Data center energy consumption in India grew by 4.5% annually, reaching 139 billion kWh in June 2023. The International Energy Agency (IEA) projects global data center power usage will rise from 1.5% to 8% by 2030. India’s data center market is expanding rapidly and estimates indicate to have more than 130 data centers, driven by rising demand for cloud services. As data centers grow, the need for advanced cooling solutions will also increase. Power and AC companies stand to benefit from this demand surge while decarbonizing these centers relies on transitioning to a carbon-free electricity grid. If India grows proportionately to the Global Demand below are some of the stocks that might benefit from these developments.
Listed below are some of the stocks that might benefit from Data Center energy consumption of more than 400% by 2030.
Tata Power Company
Tata Power Company Limited, part of the Tata Group, is a leading integrated power utility in India, focusing on electricity generation, transmission, and distribution. Its business model focuses on a mix of conventional and renewable energy sources.
With a market capitalization of Rs. 1,19,393.86 Crores, the shares of Tata Power Limited closed at Rs. 373.65 per equity share, up 1.27 percent from its previous day’s close price of Rs. 368.95.
Its Revenue from operations declined by 0.25 percent from Rs. 15,738 Crores in Q2FY24 to Rs. 15,698 Crores in Q2FY25, accompanied by profits of Rs. 1,017 Crores to Rs. 1,093 Crores.
Adani Power
Adani Power Limited, a subsidiary of the Adani Group, is India’s largest private thermal power producer with a capacity of 15,250 MW. Its business model focuses on generating electricity through coal and solar power.
With a market capitalization of Rs. 2,10,646.72 Crores, the shares of Adani Power Limited closed at Rs. 546.15 per equity share, down 2.95 percent from its previous day’s close price of Rs. 562.75.
Its Revenue from operations grew by 2.67 percent from Rs. 12,991 Crores in Q2FY24 to Rs. 13,339 Crores in Q2FY25, accompanied by a profit of Rs. 6,594 Crores to Rs. 3,298 Crores.
Torrent Power
Torrent Power is a leading Indian integrated power utility, focusing on generation, transmission, and distribution. With a capacity of 4,328 MW from coal, gas, and renewable sources, it serves over 4.13 million customers across several states.
With a market capitalization of Rs. 74,726.38 Crores, the shares of Torrent Power Limited closed at Rs. 1,482.95 per equity share, down 0.63 percent from its previous day’s close price of Rs. 1,492.40.
Its Revenue from operations increased by 3.08 percent from Rs. 6,961 Crores in Q2FY24 to Rs. 7,176 Crores in Q2FY25, accompanied by profits of Rs. 543 Crores to Rs. 496 Crores.
Schneider Electric Infrastructure
Schneider Electric Infrastructure Limited specializes in designing, manufacturing, and servicing advanced products for electricity distribution. Their business model focuses on integrating IoT-enabled solutions, and focusing on energy management.
With a market capitalization of Rs. 17,308.74 Crores, the shares of Schneider Electric Infrastructure Limited closed at Rs. 723.90 per equity share, down 2.08 percent from its previous day’s close price of Rs. 739.25.
Its Revenue from operations increased by 20.96 percent from Rs. 496 Crores in Q2FY24 to Rs. 600 Crores in Q2FY25, accompanied by a profit of Rs. 43 Crores to Rs. 54 Crores.
Blue Star
Blue Star Limited was founded in 1943 and is a leading Indian company specializing in air conditioning, commercial refrigeration, and MEP contracting. Its business model focuses on delivering innovative, energy-efficient products and solutions.
With a market capitalization of Rs. 39,469.81 Crores, the shares of Blue Star Limited closed at Rs. 1,919.60 per equity share, down 0.68 percent from its previous day’s close price of Rs. 1,932.65.
Its Revenue from operations increased by 20.42 percent from Rs. 1,890 Crores in Q2FY24 to Rs. 2,276 Crores in Q2FY25, accompanied by profits of Rs. 71 Crores to Rs. 96 Crores.
Written by Santhosh S
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