ICICI Securities: Power Sector Delivers Good Volume Growth 
A front loader moves coal in Jharkhand, India. (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Securities: Power Sector Delivers Good Volume Growth 

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.

ICICI Securities Report

Power demand has staged a spectacular upswing from September onward, which has led to corresponding growth in coal-based generation.

All-India daily demand in October (month-to-date till 15th) is higher by an average of 9.6% YoY, while peak demand is higher by an average of 6.2% YoY (month-to-date till Oct. 18, 2020).

Coal plant load factors have improved substantially from the low of 42% in April 2020 to 55% in September as demand normalised.

Click on the attachment to read the full report:

ICICI Securities Power Sector Update.pdf

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