India's Rs 1.86 Lakh Crore-Green Energy Corridor To Trigger Order Supercycle For EPCs: JPMorgan's Top Picks
A capex & expansion development with market-wide reach.
· NDTV Profit
At Rs 1.86 lakh crore, GEC-3 represents nearly an eight-fold increase over the combined capex of the previous two phases, reflecting India's accelerating transition towards a 500 GW non-fossil capacity target by 2030 and net-zero commitments.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.