India's power utilities ramp up capex plans through FY30
pre-market1 source ↓written by the desknot a recommendation
- in FY26
- ₹129 billion
- by FY30
- ₹637 billion
India's power utilities are set for a multi-year capex cycle, driven by renewables and thermal projects, according to Equirus. Net debt for Torrent Power is projected to rise from ₹129 billion in FY26 to ₹637 billion by FY30, with net debt/EBITDA peaking at 4.9x. This aggressive strategy aims to enhance capacity and leverage significantly.
Not investment advice. For informational purposes only.