New Delhi, July 6 -- India's power demand is expected to grow at around 6 per cent annually over the next four to five years, supported by continued renewable energy capacity additions of 45-50 GW every year, according to a Centrum Institutional Research Q1FY27 power sector results preview report.

"Power demand is expected to grow at 6% pa as we expect renewable capacity additions to continue in the range 45-50 GW per year over next 4-5 years," the brokerage said in its report.

Against this favourable demand backdrop, the report expects renewable energy companies to post healthy June-quarter performance despite the first quarter typically being a seasonally weak period for renewable energy equipment manufacturers. It added that independ...