Power Stocks Rally as BSE Power Index Hits Record High; BHEL, CG Power and Siemens Energy Surge

Power sector stocks witnessed strong buying interest on May 27, with the BSE Power index climbing nearly 3% during intraday trade to hit a fresh record high of 8,439.23. Over the last 2 months, the index has surged around 24%, outperforming the broader market.

By afternoon trade, the BSE Power index was up 2.26%, while the BSE Sensex was trading slightly lower.

Major Power Stocks See Strong Gains

Several power and energy-related companies recorded sharp gains during the session.

Stocks including Siemens Energy India, CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, ABB India, Hitachi Energy India, Siemens and Adani Green Energy rose between 4% and 8%.

At the same time, 6 companies from the BSE Power index touched new lifetime highs, including Bharat Heavy Electricals Limited, Adani Power, CG Power and Industrial Solutions and Hitachi Energy India.

Why Power Stocks Are Rising?

Strong Order Books and Demand

Power companies are benefiting from rising electricity demand, renewable energy projects, grid expansion and growth in data centres. Many companies also reported strong order inflows and healthy future revenue visibility.

Hitachi Energy Expands Capacity

Hitachi Energy India said its order backlog jumped to ₹29,555 crore, supported by large transmission projects. The company is currently working on major HVDC projects such as Khavda-Nagpur and Bhadla-Fatehpur.

The company also announced an additional ₹2,000 crore investment for its Vadodara transformer plant, taking its total announced investment to ₹4,000 crore.

For Q4CY25, the company reported a 46% rise in revenue to ₹2,754 crore, while profit increased 80% year-on-year to ₹330 crore.

Read more: HDFC Bank Share Price Under Scanner Over Company's Alleged ₹45 Crore MSRDC Payment: Reports.

Renewable Energy Push Supports Growth

Adani Green Expands Battery Storage

Adani Green Energy commissioned a 3.37 GWh battery energy storage system at Khavda in Gujarat. The company said it plans to add more than 10 GWh of battery storage capacity in FY27 and expand total storage capacity to 50 GWh over the next 5 years.

CG Power Sees Strong Revenue Visibility

CG Power and Industrial Solutions reported a 59% jump in order backlog to ₹15,719 crore. The company is also increasing transformer manufacturing capacity to meet rising demand from renewable energy, thermal power and data centre projects.

JSW Energy Continues Strong Rally

JSW Energy shares extended gains for the 10th straight trading session, rising 19% during this period. The stock touched a 52-week high of ₹609.

The company said India’s growing focus on energy security, electric vehicles, renewable power and data centres is expected to drive long-term electricity demand. Management also expects FY27 to see stronger earnings growth as recently commissioned projects begin contributing fully.

Conclusion

The strong rally in power stocks reflects growing investor confidence in India’s energy transition and infrastructure growth story. With rising electricity demand, expanding renewable capacity and large project pipelines, companies in the power sector are expected to remain in focus in the coming quarters.

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