Market Notes
& Commentary
Short-form analysis, macro observations, and timely takes on market-moving events.
India's Data Centre Capex Cycle: Mapping the Value Chain, Sizing the Beneficiaries
A segment-by-segment valuation study of India's ₹1.6-2 lakh crore data centre capex cycle, mapping 27+ listed comps across electrical systems, cooling, EPC and real estate on confirmed EV/EBITDA data.
The Verified Deal vs. The Narrative
An evidence-based analysis of the July 2026 India–Indonesia summit, separating confirmed agreements from media reporting and strategic interpretation.
Coal to Chemicals: How India's ₹37,500 Crore Gasification Bet Reshapes an Industry
A research note on the policy architecture, technology economics, corporate positioning, and risk factors behind India's National Coal Gasification Mission — and what it may mean for the companies executing it.
India's Critical Minerals Playbook: A New Phase of Industrial Strategy
India's ₹1,500 crore critical mineral recycling scheme marks another step in building a domestic supply chain for strategic materials. The long-term opportunity may extend well beyond mining into recycling, processing, and advanced materials.