4 power stocks riding India’s data center push: From order book to valuations, 3 factors to watch

JM Financial expects India’s data centre power demand to reach 7-8 GW by 2030. Experts said this growth makes power stocks like NTPC key beneficiaries. “NTPC combines the sector’s lowest-risk regulated earnings model with the deepest growth pipeline,” Equirus said. Rising electricity needs show a structural upcycle for the sector.