Power Stocks Rally as T&D Capex Boom Lifts Hitachi Energy, Siemens Energy, GE Vernova

Written by: Kusum KumariUpdated on: 20 May 2026, 10:05 pm IST

Power stocks surged up to 9% as strong earnings, rising capex and transmission upgrades boosted optimism across the sector.

Power and transmission companies saw strong buying interest on Wednesday. The BSE Power index rose nearly 2% during the day, outperforming the broader market as investors remained positive about the sector’s growth outlook.

The rally was supported by strong earnings, rising order books and expectations of large investments in power infrastructure.

Top Gainers in the Sector

Several power equipment and transmission companies gained sharply:

Hitachi Energy India Limited hit a new record high, rising about 6% in intraday trade.

Siemens Energy India Limited jumped around 9–10% on heavy trading volumes and traded near its 52-week high.

GE Vernova T&D India Limited climbed about 9%, also trading close to its yearly high.

ABB India Limited and CG Power and Industrial Solutions Limited gained around 4% each.

Why Power Stocks Are Rising?

Strong Orders and Capacity Expansion

GE Vernova reported a strong year with record order bookings and execution.

Q4FY26 order inflow jumped 188% YoY to ₹8,610 crore.

The company plans to invest over ₹1,000 crore to expand capacity.

Meanwhile, Siemens Energy reported strong demand and a growing order backlog, which rose 22% YoY to ₹18,433 crore.

Policy Boost for Transmission Sector

The Ministry of Power has proposed transferring the 33 kV network from DISCOMs to State Transmission Utilities (STUs). This move aims to:

Improve planning and coordination

Reduce electricity losses

Increase supply reliability

This policy change is expected to boost the transmission and distribution (T&D) segment significantly.

Power Sector Financial Health Improving

India’s power sector has shown major improvement in recent years:

AT&C losses dropped from over 25% in FY15 to 15% in FY25

DISCOMs reported ₹2,700 crore profit in FY25 after years of losses

The gap between power cost and revenue has reduced sharply

These improvements are creating a strong foundation for future investments and growth.

Conclusion

The rally in power stocks reflects strong sector fundamentals, improving financial health of utilities, and a massive investment cycle in transmission and electrification.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.

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Published on: May 20, 2026, 4:35 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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