Power sector stocks rallied sharply on Thursday, March 12, with NTPC Green Energy, Adani Power, and JSW Energy leading gains as rising electricity demand lifted investor sentiment in the sector. The rally comes as investors anticipate a sharp increase in power consumption across India amid rising temperatures and changing energy usage patterns.
| Stock Name | Intraday Gain (%) |
| NTPC Green Energy | 13–15% |
| JSW Energy | ~7% |
| Adani Power | ~6% |
| Tata Power | Up to 5% |
| CESC | Up to 5% |
| BHEL | 4–5% |
| Torrent Power | 4–5% |
The early onset of summer across several regions in India has already begun pushing electricity consumption higher, particularly as households increase the use of cooling appliances.
Adding to the demand surge is an unexpected spike in electricity consumption due to the ongoing LPG supply disruptions linked to geopolitical tensions in West Asia. The supply squeeze has reportedly pushed more households and businesses toward electric cooking appliances and battery-powered infrastructure, further increasing electricity usage.
This shift in energy consumption patterns has strengthened the outlook for power generation companies, particularly those with strong thermal generation capacity.
India’s power system appears well prepared to handle the expected surge in demand. The Coal Ministry recently said the country holds around 210 million tonnes of coal stock, which is sufficient to meet demand for roughly 88 days.
Power demand had remained relatively subdued earlier due to extended rains followed by winter months, with peak consumption reaching 245 gigawatts (GW) in the current financial year, below earlier projections of 270 GW.
Currently, thermal power plants are operating at plant load factors above 70%, significantly higher than the roughly 25% utilisation levels seen in solar and wind installations, highlighting the continued role of coal-based power in meeting peak electricity demand.
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The surge in power stocks reflects growing investor optimism about rising electricity demand, stable coal availability, and improved earnings visibility for thermal power producers. As summer approaches and energy consumption rises, companies such as NTPC Green Energy, Adani Power, and JSW Energy are increasingly being seen as key beneficiaries of India’s evolving power demand cycle.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Mar 12, 2026, 1:22 PM IST
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