business / news / / NDTV Profit
JPMorgan has initiated coverage on India's power equipment space with a bullish stance.
JPMorgan has initiated Overweight ratings on Hitachi Energy India and GE Vernova with specific target prices.
KEY POINTS
- India's HV power equipment sector is entering a multi-year growth phase due to renewable grid expansion.
- Large-scale HVDC projects are expected to create multi-billion-dollar order opportunities for domestic players.
- Indian manufacturers are increasingly becoming global suppliers, driven by export demand and cost advantages.
- An oligopolistic HVDC market structure and export growth could lead to margin expansion beyond expectations.
COMPANIES
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