Broker call▲ Bullish for GE Vernova
GEC-III boosts outlook for T&D sector; GE Vernova among top bets: MOFSL
The brief
- GEC-III strengthens visibility for India's long-duration transmission and storage investment cycle, Motilal Oswal Wealth said
- Stronger investment visibility may benefit Power Grid, GE Vernova T&D India and renewable-energy companies
- Angel One sees Nifty support at 22,200-22,000; identifies 3 bullish stocks
- PM Dhara: Nomura says GE Vernova, Hitachi & CG Power to benefit from Rs 1.86 lk cr scheme
Green Energy Corridor Phase III
The Union Cabinet approved the ₹1.86 lakh crore Green Energy Corridor-III to support evacuation of 135 GW of renewable power, including 50 GWh of battery storage. The plan includes 51,126 circuit kilometres of transmission lines; implementation depends on state utilities.
Tuesday, 6 October
- GEC-III boosts outlook for T&D sector; GE Vernova among top bets: MOFSL