BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Despite the challenging environment, power demand growth remains on its higher trajectory in Q3 FY21 on YoY basis, leading to good growth in coal-based generation, hence coal offtake.
All-India daily demand in October 2020 / month-to-date-November 2020 is higher by an average of 12.1% / 4% YoY while peak demand is higher by an average of 7.9%/2.6% YoY.
Thermal plant load factors have improved substantially from the low of 42% in April 2020 to 55.5% in October -2020 as demand normalised.
As a result, coal generation increased by 14.6% / 6.9% YoY in October 2020 / month-to-date-November 2020.
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