ICICI Securities: Power Sector Delivers Good Volume Growth
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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.
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