New Delhi, June 4 -- Global brokerage Citi has initiated coverage on India's electrical equipment and transmission sector with a bullish outlook, arguing that power transmission infrastructure is emerging as the "missing link" in the global energy transition.

In an in-depth industry report, Citi highlighted that India is well-positioned to benefit from a prolonged investment cycle in transmission and distribution (T&D) infrastructure, bolstered by rising renewable energy capacity, electrification trends, data centre expansion, and supportive localisation policies.

According to the brokerage, the sector may see a significant increase in demand as India accelerates investments to integrate renewable energy into the grid. The report emphas...