Power generation-related companies delivered exceptional market performance, with the BSE Power index hitting a new high of 8,497 on Wednesday. According to reports from Business Standard, the sectoral index emerged as the top gainer among all sectors, surging 3.3 per cent compared to a 0.2 per cent decline in the BSE Sensex. Over the past two months, the BSE Power index has demonstrated remarkable strength, surging 24 per cent driven by strong demand and order book positions across the sector.
Several power sector stocks achieved significant milestones during the trading session. As reported by Business Standard, six out of 15 stocks from the BSE Power index hit their respective all-time highs, including Adani Power, Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions, GE Vernova T&D India, Hitachi Energy India, and Siemens Energy India. Among individual performers, Siemens Energy India soared 9 per cent, while CG Power and Industrial Solutions rallied 6.4 per cent, followed by ABB at 6 per cent. GE Vernova T&D India gained 5.2 per cent, followed by JSW Energy at 4.5 per cent and Thermax at 3.5 per cent.
According to reports from Business Standard, Hitachi Energy India highlighted a strong multi-year growth outlook driven by rising power demand, renewable energy integration, electrification and data centre expansion. The company's March 2026 quarter saw a surge in total order backlog to ₹29,555 crore, providing strong revenue visibility for several quarters. In Q4CY25, Hitachi Energy India reported impressive financial performance with revenue rising 46.2 per cent year-on-year to ₹2,754 crore, while profit after tax jumped 80 per cent year-on-year to ₹330 crore. 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 — Khavda-Nagpur and Bhadla-Fatehpur.
As reported by Business Standard, CG Power and Industrial Solutions pointed out that order flow remained strong during Q4FY26, with several key wins, taking the order backlog up 59 per cent year-on-year to ₹15,719 crore and offering strong revenue visibility for FY27. The company is well positioned to benefit from strong industry tailwinds, particularly in the power systems segment, where rising investments in renewable energy, data centres and thermal power are driving strong demand for transformers and switchgear. To capitalise on this momentum, CG Power has recently completed a major capacity expansion of its power transformer capacity to 50,000 MVA from 17,000 MVA and is working to increase it to 65,000 MVA in the near term.
According to reports from Business Standard, 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. 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 the total storage capacity to 50 GWh over the next five years.
