New Delhi, May 5 -- A potential political shift in West Bengal could reshape the state's power sector, with brokerage JM Financial Institutional Securities flagging far-reaching implications when the Bharatiya Janata Party (BJP) will come to power following the recent assembly elections.
The state has long held a prominent place in India's energy landscape from hosting the country's first thermal power plant to pioneering rooftop solar and utility-scale renewable projects, alongside the high-performing Purulia pumped hydro facility. Against this backdrop, policy direction under a new government could mark a decisive turning point for both legacy utilities and emerging energy investments.
The most immediate impact is likely to be felt by C...