Citi Sees Massive Upside In Power Stocks! ₹9.7 Lakh Crore Opportunity Ahead

India's clean energy transition is creating a massive opportunity for power transmission and distribution companies. According to a new Citi report, players like Power India (Hitachi Energy), GE Vernova T&D, CG Power and Siemens Energy are uniquely positioned to benefit from a massive ₹9.7 lakh crore transmission investment plan. Citi believes demand for transformers, switchgear, HVDC systems and grid infrastructure is set to remain strong, driven by rising electricity consumption, renewable energy integration, data centers, GCC expansion and industrial growth. With high entry barriers and limited competition, these companies are emerging as key beneficiaries of India's power infrastructure buildout. After a sharp rally over the last six months, Citi still sees meaningful upside in select names as the country's electrification story gathers momentum.