India's power sector has huge potential. Here are four stocks to consider.
Which industry grows regardless of external factors and serves as the primary growth driver – directly or indirectly – for all other industries? The answer, of course, is the power transmission and generation industry. With the government setting ambitious targets to meet the increasing demand for electricity and support the country’s economic growth, this sector stands at a crossroads. India's power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.
Today we will explore the challenges and opportunities ahead for the Indian power industry, examining initiatives such as the Ujwal Discom Assurance Yojana (UDAY) and the Saubhagya scheme that aim to revolutionise the sector. We'll also discuss how India has the potential to be a major electricity exporter to its neighbouring countries through some of its top power transmission companies. Here are four companies in the driver’s seat.
The company offers integrated products, services, and solutions to energy, manufacturing, and process industries. It operates across the value chain of power, oil and gas, railway, and engineering procurement and construction (EPC) companies. Over the years, it has grown both organically and inorganically.
Over the past five years, Siemens has seen strong growthacross all its industries, boosting revenue and profits. The company's revenue and net profit have grown at a compound annual growth rate (CAGR) of 8.2% and 11.6%, respectively, over the past five years. The net margin has increased from 8.7% to 10% despite high inflation.
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