- 25 Nov 2024
- ICICI Securities
BJP MANIFESTO SPEAKS ABOUT A) INVESTMENT IN RENEWABLE ENERGY TO REDUCE POWER
News: NDA won Maharashtra elections, BJP manifesto speaks about a) Investment in renewable energy to reduce power bill by 30%; b) 5000 km of modern expressways; c) Vande metro services connecting Mumbai with nearby cities and additional Vande bharat and Amrit bharat trains connecting Mumbai with Nagpur, Kolhapur, Nanded and Latur; d) Vidarbha Maratha Defence Circuit; e) Investment in developing infrastructure (Multi modal logistics parks, plug n play facility) to support businesses; f) Aeronautics and space centers will be set up in Nagpur, Pune, Sambhajinagar, Ahilyanagar, & Nashik; g) Helipad in every Taluka and Commercial Air services expanded to 16 districts of Maharashtra; h) construction of roads in 45000 villages; NDA aims for a $1 trillion economy of Maharashtra by 2028 from an estimated $510 bn in FY25E.
Views: Development in Maharashtra will be now accelerated after the landslide win by the NDA government. This will bring new opportunities for Renewable players like NTPC Green, Adani group, Tata Power, JSW energy among others, Railway locomotive and wagon suppliers such as Titagarh Rail, BEML among others, also for Infrastructure and EPC players such as HCC, L&T, KEC, Afcons Infrastructure among others.
Impact: Positive