Nomura anticipates significant growth in Tata Power and JSW Energy, predicting a 27% and 31% upside respectively. Tata Power’s EBITDA is expected to grow at 16% CAGR driven by a doubling of renewable capacity. JSW Energy’s EBITDA is forecasted to grow at 38% CAGR, buoyed by increased operational capacity and healthy margins from renewable projects.
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