The BSE Power index emerged as the top performer among sectoral indices, hitting a new high of 8,439.23 and surging nearly 3% in Wednesday's intra-day trade. According to reports from Business Standard, the index was up 2.26% at 01:36 PM, significantly outperforming the BSE Sensex which declined 0.08%. In the past two months, the BSE Power index has demonstrated exceptional strength with a 24% surge, reflecting strong investor confidence in the power generation sector.
Six out of 15 stocks from the BSE Power index achieved their respective all-time highs during Wednesday's trading session. As reported by Business Standard, the top performers included Siemens Energy India which soared 8%, JSW Energy which rallied 6%, and CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, and ABB India which gained 5% each. Other notable performers included Hitachi Energy India, Siemens, and Adani Green Energy which logged solid gains of 4% each, while Adani Power also posted strong gains.
Hitachi Energy India highlighted a strong multi-year growth outlook driven by rising power demand, renewable energy integration, electrification and data centre expansion. According to Business Standard, the company secured ₹29,555 crore worth of total order backlog in the March 2026 quarter, providing strong revenue visibility for several quarters. The company has secured over ₹20,000 crore worth of High-Voltage Direct Current (HVDC) orders and is currently executing two mega 6 GW HVDC projects — KhavdaNagpur and Bhadla-Fatehpur. In Q4CY25, revenue rose 46.2% year-on-year to ₹2,754 crore while profit after tax jumped 80% YoY to ₹330 crore.
Adani Green Energy commissioned a cumulative 3.37 GWh Battery Energy Storage System (BESS) at Khavda, Gujarat, making it the world's largest single-location battery storage deployment outside China and among the fastest executed globally. As reported by Business Standard, the project, completed within 10 months, includes 1.37 GWh commissioned in March 2026 and is aimed at strengthening grid reliability and enabling round-the-clock renewable power supply. The company plans to add over 10 GWh of battery storage capacity in FY27 and scale total storage capacity to 50 GWh over the next five years.
CG Power reported strong order flow during Q4FY26 with several key wins, taking the order backlog up 59% year-on-year to ₹15,719 crore and offering strong revenue visibility for FY27. According to Business Standard, the company is well positioned to benefit from strong industry tailwinds in the power systems segment, particularly from rising investments in renewable energy, data centres, and thermal power driving demand for transformers and switchgear. The company recently completed a major capacity expansion of its power transformer capacity to 50,000MVA from 17,000MVA and is working to increase it to 65,000MVA in the near term.
