Global Materials | Industrials | Commodities

Rahul Jain

Over 20 years of sell-side research experience across Global Metals & Mining, Cement, Industrials, and Commodities. Extensive first-hand mine and plant visits spanning India, Australia, China, the US, and the UK.
Hundreds of buy-side engagements across major global financial hubs in Asia, North America, and Europe. Also led a comprehensive client tour of China to deepen industry understanding.

Focused on fundamentals-driven analysis including earnings modeling, cost structures, and valuations using DCF and relative multiples. Global commodity cycles, supply-demand trends, and macro factors are integrated into sector calls. Research prioritizes inflection points from price, cost, and policy shifts, using a disciplined bottom-up approach supported by top-down macro screening.

Adani Power (ADANIPOWER IN): Bangladesh Clears Dues, Strengthens Balance Sheet

Equity Bottom-Up

<ul>
<li>Adds 600 MW operational capacity in Maharashtra, acquired via CIRP at ₹6.67 crore/MW.</li>
<li>Supports Adani’s goal to reach 30,670 MW by FY2030 through scale-driven, base-load expansion.</li>
<li>Stock trades at ~12x forward P/E—undervalued given 70% capacity growth and strong operating leverage.</li>
</ul>


Adds 600 MW operational capacity in Maharashtra, acquired via CIRP at ₹6.67 crore/MW.
Supports Adani’s goal to reach 30,670 MW by FY2030 through scale-driven, base-load expansion.
Stock trades at ~12x forward P/E—undervalued given 70% capacity growth and strong operating leverage.


Adani Power Adds 600 MW—One Step Closer to 30 GW