HVDC Fuels Capitalist Rate Of Interest in Power Transmission
Renewable energy development is driving need for High Voltage Direct Current (HVDC) transmission in India, bring in substantial capitalist rate of interest.
- Hitachi Power India struck a record 29, 900 per share, showing market interest.
- GE Vernova T&D India surged 176 % YoY, and Hitachi Power India increased 115 %.
- Mordor Intelligence predicts the Indian HVDC market to get to $ 6 31 billion by 2031, with an 8 55 % CAGR.
- Backlogs continue to be solid: GE at 14, 380 crore, Hitachi Energy at 29, 872 crore, and Siemens Energy at 16, 200 crore.
- Problems develop over stretched evaluations, with Hitachi trading at 64 x FY 28 revenues.