The power sector, spanning generation, transmission and distribution segments, is set for fairly healthy growth ahead, thanks to the demand from existing and new-age businesses, apart from robust residential demand.

Between FY25 and FY32 as much as ₹9.1-lakh crore worth of capital expenditure is expected, with significant allocation to infrastructure roll out. This is part of the national electricity plan.

Techno Electric & Engineering is a key EPC (engineering, procurement and construction) player in the power generation (flue gas desulphurisation), transmission and distribution segments. It has also forayed into the data centre space in recent years.

At ₹1,212, the Techno Electric stock trades at 19 times its likely per share earnings for FY27. It has corrected about 30 per cent from

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