Budget 2021 Focuses On Distribution Reforms, Renewables: ICICI Securities
Electricity pylons and electrical power lines against a blue sky in Australia. (Photographer: Carla Gottgens/Bloomberg)

Budget 2021 Focuses On Distribution Reforms, Renewables: ICICI Securities

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

Key takeaways from Union Budget FY22 for power sector include -

1. Focus on distribution by revamping the reform scheme with an outlay of over Rs 3 trillion,

2. higher capex targets of public sector undertaking power companies (up 15% YoY) as well as 47% YoY increase in outlay for central sector schemes,

3. additional capital infusion of Rs 10 billion and Rs 15 billion in Solar Energy Corporation of India and Indian Renewable Energy Development Agency Ltd., respectively,

4. framework to be announced to provide option to the consumer for more than one distribution service provider,

5. boost to domestic solar manufacturing.

Click on the attachment to read the full report:

ICICI Securities Power Budget Update.pdf


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