Bullish for POWERINDIA, CGPOWER: Citi Sees ₹1.6T HVDC Opportunity

Citi has issued a bullish report on electric equipment stocks, specifically highlighting Hitachi Energy and CG Power, citing a massive opportunity in High Voltage Direct Current (HVDC) projects in India, estimated at ₹1.6 trillion. This comes alongside a projection of over $15 trillion in global transmission and distribution capital expenditure between 2025 and 2050.

This analysis is significant for Indian markets as it points to a long-term structural growth driver for the power sector's ancillary industries. The substantial capital outlay, both domestically and globally, suggests sustained demand for power transmission and distribution equipment, translating into robust order books and revenue visibility for Indian manufacturers.

Stocks like Hitachi Energy India (POWERINDIA) and CG Power (CGPOWER) are directly impacted positively, as they are explicitly named as Citi's bullish picks. Other Indian companies involved in power transmission, distribution, and electrical equipment manufacturing could also see a positive ripple effect, benefiting from the overall sector tailwinds and increased investor interest.

Traders should monitor the order inflow announcements from these companies, particularly for HVDC projects, as well as their quarterly results for signs of revenue and profit growth. Any government policy announcements supporting power infrastructure development or renewable energy integration will further reinforce this bullish outlook.

• •Citi estimates HVDC projects alone could represent an opportunity of around ₹1.6 trillion for equipment manufacturers.
• •The brokerage expects global transmission and distribution capital expenditure to exceed $15 trillion between CY25 and CY50.
• •Citi is bullish on Hitachi Energy, GVTD (GE Vernova), and CG Power.
• •The news is fresh, published ~10 minutes ago.
• •Risk flag: Execution risks for large-scale projects