New Delhi, May 7 -- In a market where power demand is no longer cyclical but structural, the real wealth creators are quietly shifting from generators to enablers.

The spotlight is moving beyond power producers to the backbone of the ecosystem-the ancillary businesses that build, connect, transmit, and optimize every unit of electricity flowing through the system.

As India accelerates its push into renewables, grid modernization, and electric mobility, these companies sit at the intersection of policy tailwinds and execution capability.

From cables and transformers to EPC players and equipment manufacturers, power ancillaries are no longer "supporting actors"; they are emerging as high-growth, margin-expanding, and capital-efficient op...