India's Power Sector Likely Undergoing Dual-Track Evolution -- Market Talk

Dow Jones

06/12

0552 GMT - India's power sector is likely undergoing dual-track evolution, Macquarie Equity Research's Baiju Joshi says in a research report. Coal continues to anchor base-load stability, while renewables drive incremental capacity growth, the analyst says. These are supporting an expected expansion in India's installed capacity to around 900 gigawatts by FY 2032 from about 538GW currently. Macquarie's preferred sector pick is NTPC, for which it raises the stock's target price to 480.00 rupees from 475.00 rupees, with an unchanged outperform rating. Macquarie initiates coverage of JSW Energy with outperform rating and target price of 720.00 rupees. It also starts coverage of Adani Power and Adani Energy Solutions with neutral ratings and target prices of 230.00 rupees and 1,450.00 rupees, respectively. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 12, 2026 01:52 ET (05:52 GMT)

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Coal continues to anchor base-load stability, while renewables drive incremental capacity growth, the analyst says. These are supporting an expected expansion in India's installed capacity to around 900 gigawatts by FY 2032 from about 538GW currently. Macquarie's preferred sector pick is NTPC, for which it raises the stock's target price to 480.00 rupees from 475.00 rupees, with an unchanged outperform rating. Macquarie initiates coverage of JSW Energy with outperform rating and target price of 720.00 rupees. It also starts coverage of Adani Power and Adani Energy Solutions with neutral ratings and target prices of 230.00 rupees and 1,450.00 rupees, respectively. 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Coal continues to anchor base-load stability, while renewables drive incremental capacity growth, the analyst says. These are supporting an expected expansion in India's installed capacity to around 900 gigawatts by FY 2032 from about 538GW currently. Macquarie's preferred sector pick is NTPC, for which it raises the stock's target price to 480.00 rupees from 475.00 rupees, with an unchanged outperform rating. Macquarie initiates coverage of JSW Energy with outperform rating and target price of 720.00 rupees. It also starts coverage of Adani Power and Adani Energy Solutions with neutral ratings and target prices of 230.00 rupees and 1,450.00 rupees, respectively. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2026 01:52 ET (05:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PW","symbol_name":"Power REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642254025","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642254025","pubTimestamp":1781243520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0552 GMT - India's power sector is likely undergoing dual-track evolution, Macquarie Equity Research's Baiju Joshi says in a research report. Coal continues to anchor base-load stability, while renewables drive incremental capacity growth, the analyst says. These are supporting an expected expansion in India's installed capacity to around 900 gigawatts by FY 2032 from about 538GW currently. Macquarie's preferred sector pick is NTPC, for which it raises the stock's target price to 480.00 rupees from 475.00 rupees, with an unchanged outperform rating. Macquarie initiates coverage of JSW Energy with outperform rating and target price of 720.00 rupees. It also starts coverage of Adani Power and Adani Energy Solutions with neutral ratings and target prices of 230.00 rupees and 1,450.00 rupees, respectively. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PW":"Power REIT","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","BK4213":"石油与天然气的勘探与生产","EPM":"Evolution Petroleum"},"translate_title":"印度电力行业可能经历双轨演变——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPM":1.5,"MNDmain":1.5,"PW":1.5},"content_text":"0552 GMT - India's power sector is likely undergoing dual-track evolution, Macquarie Equity Research's Baiju Joshi says in a research report. Coal continues to anchor base-load stability, while renewables drive incremental capacity growth, the analyst says. These are supporting an expected expansion in India's installed capacity to around 900 gigawatts by FY 2032 from about 538GW currently. Macquarie's preferred sector pick is NTPC, for which it raises the stock's target price to 480.00 rupees from 475.00 rupees, with an unchanged outperform rating. Macquarie initiates coverage of JSW Energy with outperform rating and target price of 720.00 rupees. It also starts coverage of Adani Power and Adani Energy Solutions with neutral ratings and target prices of 230.00 rupees and 1,450.00 rupees, respectively. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2026 01:52 ET (05:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}