Nomura names GE Vernova, CG Power, 4 others among top plays on India’s decadal data centre opportunity

June 2, 2026

India’s data centre industry is entering a rapid growth phase, driven by digitalisation, cloud adoption and AI demand, according to Nomura. The brokerage sees strong opportunities for industrial equipment makers supplying critical infrastructure, with GE Vernova T&D India and CG Power emerging as key beneficiaries of expanding data centre investments and capacity additions.

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