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Citi initiates ‘Buy’ on 4 utility giants – NTPC named ‘top pick’ amid India’s power capex push

Posted on May 12, 2026
By Financial Express
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1 min read

Citi initiates ‘Buy’ on 4 utility giants – NTPC named ‘top pick’ amid India’s power capex push

Citi has turned bullish on India’s utility sector, naming NTPC its top pick while backing Tata Power, Power Grid and JSW Energy amid a massive electricity infrastructure and renewable energy expansion cycle.