CG Power & Industrial Solutions has rescheduled its meeting with analysts and institutional investors to June 29, 2026. The interaction, which was initially set for June 26, will now be conducted by Jefferies India Private Limited as part of the company's engagement with stakeholders.

The revised schedule follows a disclosure made under Regulations 30(2) and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The one-to-one meeting is subject to changes due to exigencies, the company stated in its filing.

The intimation was communicated by Sanjay Kumar Chowdhary, Company Secretary and Compliance Officer of CG Power & Industrial Solutions.

Macquarie has outlined a US$85bn multi-year transmission and distribution (T&D) capital expenditure opportunity in India, driven by rising power demand, the integration of renewable energy sources, and ongoing grid expansion. The brokerage highlights that global high-voltage equipment shortages are creating additional export and pricing opportunities for Indian manufacturers, positioning the sector as a significant beneficiary of structural energy-transition trends.

Outperform Ratings and Target Prices

As part of its assessment of the grid equipment sector, Macquarie has assigned ratings and target prices to key players. The following table summarises the brokerage's recommendations:

Macquarie's Outperform ratings on CG Power and Industrial Solutions and Siemens Energy India reflect the brokerage's view that both companies are well-positioned to capitalise on the large-scale T&D investment cycle. The brokerage also maintains a positive stance on GE Vernova and Hitachi Energy, identifying them as key beneficiaries of India's grid and energy-transition supercycle.

Key Drivers of the T&D Opportunity

Macquarie's thesis is anchored on several structural factors shaping India's power infrastructure landscape:

• Rising power demand driving the need for expanded and upgraded transmission infrastructure
• Renewable energy integration requiring significant grid reinforcement and new connectivity
• Grid expansion across regions to support India's broader energy transition goals
• Global high-voltage equipment shortages opening export opportunities and supporting favourable pricing dynamics for domestic manufacturers

These factors collectively underpin the brokerage's view of a sustained, multi-year capital expenditure cycle in the T&D segment, with Indian grid equipment manufacturers standing to benefit from both domestic demand and international supply gaps.