Rs 40,000 cr+ orders for BHEL alone: 5 stocks riding India’s thermal power expansion

On 13 October, the Central Electricity Authority (CEA) indicated that India could need an additional 105–150 GW of coal-based power capacity by 2035, compared with its earlier estimate of 97 GW.

Rising electricity demand and weaker hydropower generation are increasing dependence on thermal power. The need for reliable, round-the-clock electricity supply is also keeping thermal capacity expansion in focus.

This potential expansion could create fresh opportunities for companies manufacturing boilers, turbines, pumps and other thermal power equipment. Engineering and construction contractors could also benefit from new project orders.

However, not every company associated with thermal power is equally positioned to benefit from new capacity additions.