Raksan Transformers Ltd. IPO

Power is one of the most critical components of infrastructure, playing a central role in economic growth and social development. For India, building and maintaining adequate power infrastructure has been vital to sustaining high growth and improving quali ty of life. Guided by the principle of ... universal access to affordable and sustainable electricity, the Ministry of Power has transformed the sector in recent years by creating a single national grid, strengthening distribution networks, and achieving near-universal household electrification. India’s power sector is among the most diversified in the world, drawing from conventional sources such as coal, lignite, natural gas, oil, hydro, and nuclear power, as well as non-conventional sources including wind, solar, and biomass. Rapidly rising electricity demand continues to drive capacity expansion, making large-scale additions to generation capacity essential for the future. India emerged as the world’s third-largest producer of wind and solar energy electricity in 2025, behind US and China, according to the sixth edition of Ember’s Global Electricity Review. The report highlighted that wind and solar accounted for 17% of global el ectricity generation in 2025, with India’s share at 14% in 2025. It is also the only G20 nation on track to meet its Paris Agreement targets. The country’s wind energy sector, in particular, is advancing steadily toward the ambitious goal of 100 GW by 2030, according to the Indian Wind Turbine Manufacturers Association (IWTMA). Electricity demand has been rising sharply. In FY25, India consumed 1,622.97 billion units of electricity, an increase of 32% over FY21, translating into a 5-year CAGR of 7.17%. Peak power demand is expected to reach 277 GW in FY26, and overall energy demand is projected to grow at 6-6.5% annually over the next five years, underscoring the scale of opportunities and challenges for the sector. Read more