Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

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Thematic (Sector/Industry)

<ul>
<li>Industrial gases like oxygen, nitrogen, argon are invisible infrastructure powering every steel plant, hospital, and semiconductor fab India builds.</li>
<li>Steel capacity targeting 300 MT by FY31, semiconductor fabs worth INR 1.6 lakh crore, healthcare expansion, and green hydrogen mission accelerate demand.</li>
<li>Linde India leads on contract stickiness and tech edge, Inox Air Products on scale, Taiyo Nippon Sanso on semiconductor specialty gases.</li>
</ul>


Industrial gases like oxygen, nitrogen, argon are invisible infrastructure powering every steel plant, hospital, and semiconductor fab India builds.
Steel capacity targeting 300 MT by FY31, semiconductor fabs worth INR 1.6 lakh crore, healthcare expansion, and green hydrogen mission accelerate demand.
Linde India leads on contract stickiness and tech edge, Inox Air Products on scale, Taiyo Nippon Sanso on semiconductor specialty gases.


Industrial Gas Sector: Who Stands to Gain from India's Capex Supercycle?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>India's power equipment manufacturers are collectively committing roughly INR 32,000 crore to new factories and capacity upgrades, the largest manufacturing investment wave the sector has seen in decades.</li>
<li>Peak electricity demand hit a record 250 GW in FY25 and is heading toward 458 GW by 2032, creating an order environment that manufacturers cannot fulfill with existing infrastructure alone.</li>
<li>This is not a single big-ticket NTPC-style investment, but dozens of simultaneous factory expansions across the power value chain funded majorly by internal accrual shocasing their confidence.</li>
</ul>


India's power equipment manufacturers are collectively committing roughly INR 32,000 crore to new factories and capacity upgrades, the largest manufacturing investment wave the sector has seen in decades.
Peak electricity demand hit a record 250 GW in FY25 and is heading toward 458 GW by 2032, creating an order environment that manufacturers cannot fulfill with existing infrastructure alone.
This is not a single big-ticket NTPC-style investment, but dozens of simultaneous factory expansions across the power value chain funded majorly by internal accrual shocasing their confidence.


India’s Energy Sector ₹32,000 Cr Capex Surge: Decoding the Value Chain

<ul>
<li>As of 28-Feb-26, <a href="https://www.smartkarma.com/entities/micron-technology-inc" target="_blank" data-smartkarma-citation="entities:13382:1" rel="noopener">Micron Technology (MU US)</a> has inaugurated India's first large-scale commercial semiconductor ATMP facility in Sanand, Gujarat. </li>
<li>The India's Semi-conductor Mission has now 10 approved projects with aggregate investments of Rs 1.60 lakh crore ($18.6 billion) across six states.</li>
<li>Kaynes Semicon shipping India's first commercially paid chip prototype, CG Semi weeks away from volume production, Tata's Dholera fab in equipment installation, India's semiconductor value chain is no longer aspirational.</li>
</ul>


As of 28-Feb-26, Micron Technology (MU US) has inaugurated India's first large-scale commercial semiconductor ATMP facility in Sanand, Gujarat. 
The India's Semi-conductor Mission has now 10 approved projects with aggregate investments of Rs 1.60 lakh crore ($18.6 billion) across six states.
Kaynes Semicon shipping India's first commercially paid chip prototype, CG Semi weeks away from volume production, Tata's Dholera fab in equipment installation, India's semiconductor value chain is no longer aspirational.


INDIA SEMICONDUCTOR- Who Is Doing What and How Far Along Are They?

<ul>
<li>Indian Railways has officially commissioned the upgraded Kavach 4.0 on 738 route km, featuring advanced location accuracy and direct integration with modern electronic interlocking systems.</li>
<li>His rollout enables safe 160 kmph operations on high-density corridors while standardizing the technology required to cover India’s entire 68,000 km rail network by 2030.</li>
<li>The shift to Version 4.0 has consolidated the market, creating a massive revenue visibility of INR 50,000 crore for certified leaders like HBL Engineering and Kernex Microsystems.</li>
</ul>


Indian Railways has officially commissioned the upgraded Kavach 4.0 on 738 route km, featuring advanced location accuracy and direct integration with modern electronic interlocking systems.
His rollout enables safe 160 kmph operations on high-density corridors while standardizing the technology required to cover India’s entire 68,000 km rail network by 2030.
The shift to Version 4.0 has consolidated the market, creating a massive revenue visibility of INR 50,000 crore for certified leaders like HBL Engineering and Kernex Microsystems.


India’s Kavach 4.0: The ₹50,000 Crore Safety Boom Enters High-Gear

<ul>
<li>India's decade-old aspiration to build a semiconductor ecosystem has transitioned from policy vision to tangible projects, marked by the recent presentation of the first "Made-in-India" chip, the Vikram 32-bit processor.</li>
<li>The momentum is validated by over INR 1.60 lakh crore in investment commitments across 10 approved projects, including major fabs and advanced packaging facilities.</li>
<li>This strategic push aims to reduce import dependency in a critical sector, create high-value jobs, and position India as a viable alternative in the global supply chain.</li>
</ul>


India's decade-old aspiration to build a semiconductor ecosystem has transitioned from policy vision to tangible projects, marked by the recent presentation of the first "Made-in-India" chip, the Vikram 32-bit processor.
The momentum is validated by over INR 1.60 lakh crore in investment commitments across 10 approved projects, including major fabs and advanced packaging facilities.
This strategic push aims to reduce import dependency in a critical sector, create high-value jobs, and position India as a viable alternative in the global supply chain.


Thematic Report- Unlocking India's Semiconductor Ambition: From Catch-Up to Catalyst

India

CG Power and Industrial Solutions Limited manufactures, distributes, installs and services electrical and allied equipment. The Company offers transformers, reactors, switchgear control equipment and accessories, industrial motors, pumps, and communication systems. CG Power and Industrial Solutions serves customers globally.

CG Power and Industrial Solutions (CGPOWER IN)

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CG Power and Industrial Solutions (CGPOWER IN)

Industrial Gas Sector: Who Stands to Gain from India's Capex Supercycle?

Industrial gases are essential infrastructure in India, fueling growth in steel, healthcare, and semiconductor industries with Linde India, Inox...

Nimish Maheshwari

India’s Energy Sector ₹32,000 Cr Capex Surge: Decoding the Value Chain

India's power equipment manufacturers are investing INR 32,000 crore in new factories and upgrades to meet rising electricity demand, signaling a...

Sudarshan Bhandari

INDIA SEMICONDUCTOR- Who Is Doing What and How Far Along Are They?

Micron Technology opens India's first large-scale semiconductor facility in Gujarat, part of India's Semiconductor Mission with 10 approved...

Sudarshan Bhandari

India’s Kavach 4.0: The ₹50,000 Crore Safety Boom Enters High-Gear

Indian Railways upgrades to Kavach 4.0 for safer, faster operations on high-density corridors, with potential for massive revenue growth.

Nimish Maheshwari

Thematic Report- Unlocking India's Semiconductor Ambition: From Catch-Up to Catalyst

India's semiconductor ecosystem is gaining traction with the launch of the first "Made-in-India" chip, backed by significant investment...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Industrial Gas Sector: Who Stands to Gain from India's Capex Supercycle?

​Industrial gases are essential infrastructure in India, fueling growth in steel, healthcare, and semiconductor industries with Linde India, Inox...

Nimish Maheshwari

India’s Energy Sector ₹32,000 Cr Capex Surge: Decoding the Value Chain

​India's power equipment manufacturers are investing INR 32,000 crore in new factories and upgrades to meet rising electricity demand, signaling a...

Sudarshan Bhandari

INDIA SEMICONDUCTOR- Who Is Doing What and How Far Along Are They?

​Micron Technology opens India's first large-scale semiconductor facility in Gujarat, part of India's Semiconductor Mission with 10 approved...

Sudarshan Bhandari

India’s Kavach 4.0: The ₹50,000 Crore Safety Boom Enters High-Gear

​Indian Railways upgrades to Kavach 4.0 for safer, faster operations on high-density corridors, with potential for massive revenue growth.

Nimish Maheshwari

Thematic Report- Unlocking India's Semiconductor Ambition: From Catch-Up to Catalyst

​India's semiconductor ecosystem is gaining traction with the launch of the first "Made-in-India" chip, backed by significant investment...

Nimish Maheshwari

Industrial gases are essential infrastructure in India, fueling growth in steel, healthcare, and semiconductor industries with Linde India, Inox...

India's power equipment manufacturers are investing INR 32,000 crore in new factories and upgrades to meet rising electricity demand, signaling a...

Micron Technology opens India's first large-scale semiconductor facility in Gujarat, part of India's Semiconductor Mission with 10 approved...

Indian Railways upgrades to Kavach 4.0 for safer, faster operations on high-density corridors, with potential for massive revenue growth.

India's semiconductor ecosystem is gaining traction with the launch of the first "Made-in-India" chip, backed by significant investment...