We have targeted 30% increase in our top line
A good sign for the country is that we are headed towards being a power surplus nation. With the government actively pursuing its stated goal of 'electrifying all of India', power should be available to any industry anywhere. That means that the captive power market is in its sunset phase. Once grid power is reliable and abundant, the demand for standby gensets will also drastically reduce.
We are benefiting from the present and future power sector outlook
Our outlook for the power sector is positive, as in the long run as electricity remains essential to our life. The demand for power will continue to grow at 6-7 per cent and old capacities will be decommissioned. Additionally, the renewable sector, grid strengthening and growth of smart grids will keep the sector busy in the coming years.
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