New Delhi, Oct. 12 -- India's expanding power transmission network and rising demand from data centres are expected to create significant opportunities for the engineering and capital goods sector, with High-Voltage Direct Current (HVDC) technology emerging as an important growth driver, according to a report by 360 ONE Capital.

The report highlighted that rising renewable energy integration, grid modernisation and increasing electricity requirements from data centres could support demand for power equipment over the coming years.

However, project delays, higher input costs and uncertainty around global investment in artificial intelligence infrastructure could affect the pace of growth.

"India's HVDC capacity is expected to increase f...