Jefferies initiates buy on Hitachi, Siemens Energy amid capex surge
pre-market1 source ↓written by the desknot a recommendation
- in India's power
- 2.2x increase
- by FY2030
- $280 billion
- to grow
- 21% CAGR
Jefferies has initiated coverage on Hitachi Energy India Ltd. and Siemens Energy India Ltd. with a Buy rating, citing a projected 2.2x increase in India's power capex to over $280 billion by FY2030. This growth is driven by major transmission projects and government support, positioning the power sector as a key infrastructure growth driver. ⚡
• Hold rating assigned to CG Power with a target of ₹745.
• Power segment expected to grow at 21% CAGR.
Not investment advice. For informational purposes only.