Archive · 18 Nov 2025
Axis Direct's Top Power & Utilities Conviction Ideas: NTPC, JSW Energy, Skipper
Three companies in the power and utilities sector - NTPC, JSW Energy, and Skipper - have been highlighted by Axis Direct as top conviction ideas due to their strong capacity expansion plans, robust order books, and improving operational visibility.
NTPC Ltd's installed capacity rose to 83,893 MW in Q2 FY26, with strong capacity expansion plans
JSW Energy Ltd's installed capacity reached 13.2 GW in Q2 FY26, with capacity expected to exceed 15 GW by FY26-end
Skipper Ltd reported strong order inflows of Rs 1,243 crore in Q2 FY26, with an order book of Rs 8,820 crore
NTPC plans to add 9,844 MW in FY26, 9,600 MW in FY27, and 10,564 MW in FY28, with a long-term target of 244 GW by 2037
JSW Energy aims to grow capacity at a 20% CAGR to 30.5 GW by 2030, with 12.5 GW under construction, mostly renewable energy
- Who
- NTPC Ltd, JSW Energy Ltd, Skipper Ltd
- What
- Identified as top conviction ideas in power and utilities sector
- When
- Q2 FY26
- Where
- India
- Why
- Due to strong capacity expansion plans, robust order books, and improving operational visibility
- Installed Capacity (NTPC)
- 83,893 MW
- Installed Capacity (JSW Energy)
- 13.2 GW
- Order Book (Skipper)
- Rs 8,820 crore
- Capacity Expansion Target (NTPC)
- 244 GW by 2037
- Capacity Expansion Target (JSW Energy)
- 30.5 GW by 2030
- Order Inflows (Skipper)
- Rs 1,243 crore in Q2 FY26