Anand Rathi: India’s Power Generation Grew Marginally After Four Months Of Contraction

Anand Rathi: India’s Power Generation Grew Marginally After Four Months Of Contraction

The Korba West Power plant in Chhattisgarh. (Photographer; Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

After four months of contraction, power generation turned marginally positive (0.1%) in July 2020, hydro grew in low teens, plant load factor for thermal crossed 50%.

As an early sign of growth revival, power generation (utilities) recorded 0.1% growth in July 2020 mainly due to strong growth in hydro-power generation.

Thermal, too, bounced back from a 29% contraction in April 2020 to a 2% contraction in July 2020. Nuclear, however, maintained a downward trajectory.

Compared to July 2019, the shares of the East and West in power generation improved, while that of the South declined. The share of state utilities declined and that of central improved.

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Anand Rathi Power Generation update.pdf
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