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.
Motilal Oswal Report
As India’s economy steadily opens up post the Covid-19-related lockdown, the country’s power demand has also recovered consistently. We expect this to continue in FY22.
However, the push from the supply side is equally strong, with a robust pipeline of renewable projects.
This, combined with the slowing pace of demand growth (led by off-grid measures, energy efficiency initiatives, and structural factors), implies India’s power market would remain oversupplied, at least in the medium term, with coal plant load factors at 65% in FY24.
The thrust toward renewable, though, poses a rather interesting conundrum related to managing India’s demand-supply balance
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