The Hidden Power Shares Fueling India's Renewable Energy boom

Power Distribution Sector- The Silent Backbone of India’s Renewable Energy Revolution  

When it comes to the Indian power industry, well-known brands like Adani Power and Tata Power draw in customers.  Similarly, when investors consider renewable energy, they only consider wind turbines and solar panels. But what if we tell you that the real wealth is being created somewhere entirely different - in a sector that isn’t glamorous but absolutely essential?  

Power Distribution Equipment remains in the shadows. Without this industry, India will not be able to meet its dream of achieving 500 GW of renewable energy by 2030.  

In this blog, we will uncover the enormous growth this sector is unlocking and which 4 hidden Power Shares in 2025 are quietly enhancing portfolios. Scroll down till the end for the power stocks comparison.  

 

 

Why the Shift in Power Sector is Creating New Opportunities?

 

1. From Centralized to Decentralized Power  

The more established and conventional thermal power facilities are concentrated and primarily found close to ports or industrial areas. Renewable energy systems that are decentralized, such as wind or solar farms, have been successfully installed in extremely remote areas including hills, deserts, and villages.

 

2. India's Ambitious Renewable Target

India currently possesses approximately 200 GW of renewable energy capacity, but is planning to increase it to 500 GW by the year 2030 - a 2.5x increase.

This translates to a 3x increase in requirements for power distribution infrastructure, indicating a sustainable opportunity in the sector.

 

 

3. Technology and Government Initiative

National priorities focused on power distribution equipment have been driven by government policies such as PLI, smart grid initiatives, electricity theft detection systems, AI-driven grid management, and energy storage solutions.

 

Top 4 Power Shares Powering the Distribution Revolution 

1. HPL Electric & Power Ltd. (NSE: HPL)  

Products: Modular Switches, Switchgears, Smart Meters, Wires & Cables.

Geographical Focus of Exports: Products sold in 42 countries.

Market Share: 50% in On-Load Changeover Switches and 20% in Electric Meters.

Why does it matter?

With an impressive global footprint and a considerable share of the order book focused on smart metering, this power share is poised to capitalise on the smart grid transition in India.  

HPL Electric & Power Ltd Share Price

HPL Electric Share Price is Rs. 626 as of 15 July 2025.

 

2. Apar Industries Ltd. (NSE: APARINDS)  

Business Segments:  

• 48% from Conductors  

• 26% from Specialty Oils  

• 25% from Power & Telecom Cables  

Global Leader: World's largest manufacturer of aluminium and alloy conductors. 

 

Why does it matter?

Apar balances strong export demand with healthy cash flows and expansion plans. They are a solid medium to long-term investment.

 

Apar Industries Limited Share Price

Apar Industries Share Price is Rs. 9,039 as of 15 July 2025.

 

 

3. Shilchar Technologies Ltd. (NSE: SHILCHAR)

Core Business: Power & Distribution Transformers.

Revenue: 52% Domestic and 48% Exports (UAE, US, Oman, etc).

Capacity Expansion: Current: 4,000 MVA, And Expanding to 7,500 MVA

 

Why does it matter?

India's fastest-growing transformer company, Shilchar, truly lurks under the surface with a remarkable blend of soaring profits, a robust export share, and an attractive balance sheet.

 

Shilchar Technologies Share Price

Shilchar share price is Rs. 5360 as of 15 July 2025.

 

4. CG Power & Industrial Solutions Ltd (NSE: CGPOWER)

Product Line: Transformers, Industrial Motors, Switchgears

Turnaround Story: From Rs. 757 Cr debt 5 years ago to just Rs. 41 Cr now.

Free Cash Flow: Rs. 1,259 Cr

New Initiative: Semiconductor JV worth Rs. 7,600 Cr

Market Leadership: Especially strong in the AC Motors segment.

 

 

Why does it matter?

Long-term vision is clear with CG Power’s turnaround and entry into semiconductors, but caution is warranted given the harsh current valuation.

 

CG Power Share Price

CG power share is Rs. 678 as of 15 July 2025.

Stocks Comparison

Stock	Key Strength	Risk
HPL Electric	Smart metering leadership, global reach	Moderate PE, niche focus
Apar Industries	Balanced revenue mix, cashrich	Slight dip in FII holding
Shilchar Technologies	Fastest growing, zero debt	Low institutional holding
CG Power	Turnaround story, FII interest	Overvalued (PE 109)

 

Conclusion

India’s renewable energy aspirations are not achievable without strong power distribution systems. While the focus remains on Adani and Tata Power, the real movers behind the scenes include some power shares such as HPL Electric, Apar Industries, Shilchar Technologies, and CG Power.

These companies have rapidly growing shares in a sector that promises high returns. Investors focused on long-term profitability cannot overlook this significant and well-prepared investment prospect.

 

Disclaimer: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.