Swastika Infra Ltd. IPO

India's EPC segment is key to the nation's energy landscape. EPC companies ensure efficiency, quality, and timely project completion from design to commissioning. India's energy mix, spanning thermal, hydro, nuclear, & renewables, along with electrification and decarbonization goals, ... positions the Power EPC sector as vital to industrial and infrastructural growth. Urbanization, population growth, and industrialization drive electricity demand. According to the Central Electricity Authority (CEA), power consumption in India for the fiscal year 2022-23 reached 1,440.310 TWh. The industrial sector was the largest consumer, accounting for 41.23% of the total, followed by the domestic industry at 24.52% and agriculture at 16.93%. Together, these three sectors comprised over 82% of the total consumption. In 2023, power consumption climbed to about 1,500 TWh. Projections suggest that by 2030, India’s power demand could soar to between 2,060 and 2,699 TWh. When considering utility-level demand, which includes T&D losses, estimates range from 2,039 to 2,454 TWh. With electricity demand set to surge, driven by industrial, domestic, and agricultural needs, India's power EPC segment is on the brink of significant growth. Meeting this demand will necessitate substantial investments in power infrastructure. EPC playersare poised to capitalize on opportunities in large-scale power plants, renewable projects, grid modernization, and reducing transmission losses. This is further amplified by government policies backing energy transition and capacity expansion. As of 2024,India stands as the world's third-largest power generation market, following China and the United States. The Indian electricity sector is witnessing rapid expansion. Data from the Indian Climate and Energy Dashboard shows that by 2024, India's installed capacity surpassed 461 GW, bolstered by a 12 GW addition. The generation mix was dominated by fossil fuels at 53.48%, trailed by renewables at 28.4%, hydro at 10.34%, and nuclear at 1.80%. The Indian government has set ambitious targets to double the installed capacity in the next decade, with a strong focus on renewable energy. By 2030, India aspires to achieve a renewable power generation capacity of 500 GW. An estimated investment of USD 225-250 billion is projected to realize this vision. These initiatives not only cater to the escalating electricity demand but also unveil a vast opportunity for the power EPC market in India. Read more