Nomura: GE Vernova T&D India, Hitachi Energy India, CG Power to benefit from GEC-III

Nomura expects GE Vernova T&D India, Hitachi Energy India, and CG Power to be major beneficiaries of the government's Green Energy Corridor Phase-III (GEC-III). The brokerage stated that the significantly higher outlay and addition targets could provide tailwinds to the transmission capex cycle.