India is set for a massive power sector expansion aiming for 500 gigawatts of renewable capacity by 2032. This presents significant opportunities for generators, transmitters, EPC players, and financiers. Companies like NTPC and Power Grid are well-positioned. Demand for storage and data centres will benefit firms like ABB and Cummins. Financiers offer long-term value due to project gestation periods.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs