Power and Infrastructure Stocks in Focus Amid Key Sector Developments

Waaree Energies, NTPC Green Energy, ONGC, and Quality Power lead a cluster of power and infrastructure stocks drawing market attention following strategic sector movements. Mehru Electrical and Mechanical Engineers, a subsidiary of Quality Power Electrical Equipments, has inked a pivotal agreement with Hyosung T&D India to co-develop gas-insulated switchgear instrument transformers—a milestone positioning Mehru among India’s first to advance this technology for global markets.

Meanwhile, Ayana Renewable Power, a joint venture between NTPC Green Energy and ONGC Green, has commissioned 10 MW of a 92.4 MW wind project in Gujarat’s Bhuj region. The partial rollout underscores incremental progress in India’s renewable energy push. Separately, REC’s arm transferred Davanagere Power Transmission to Power Grid Corporation of India, finalizing a Build-Own-Operate-Transfer (BOOT) agreement via tariff-based competitive bidding.