Amid rising power demand; Adani Power, NTPC, Coal India look firm on charts

Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.

After a slow down in the recent past years on account of the Covid-19 pandemic, the power sector seems all set for a strong rebound with demand growth rate for power seen nearly doubling over the next five years.

The Central Electricity Authority (CEA), an advisory body to the power ministry, said in a draft plan India's power demand would reach 1,874 bn units during the year ending March 2027, compared with over 1,320 bn units in 2021/22.

India would add power generation capacity of 165.3 gigawatts (GW) over five years ending March 2027, most of which would be renewable