Transmission and powergen demand lift capital goods; Siemens Energy, KOEL in focus

India’s capital goods sector shows robust growth in 3Q FY26, driven by strong demand in energy, renewables, defense, and rail. Despite execution slowdowns, profitability remains resilient. Healthy order inflows, boosted by public capex and export opportunities, signal a positive medium-term outlook. Companies are expanding capacity to meet rising domestic and international needs.

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