India, May 4 -- India's data centre capacity is projected to more than double from 1 GW today to over 2 GW by 2026, with analysts forecasting a five-fold expansion to 8 GW by 2030. Every megawatt added needs power equipment, cables, cooling systems, and real estate, and this growth is expected to be fueled by a $30 billion CapEx. Four categories of listed companies sit in the path of that spending. But not all of them are equal in terms of valuation, order book visibility, or how well-known the opportunity already is.

Power Equipment: The First Layer of Every Data Centre Data centres consume massive amounts of electricity. A large hyperscale campus can use power comparable to a small town. More importantly, that power must remain uninter...