ICICI Securities: Power Sector Update - Higher Coal Demand Continues
Coal being loaded inside a steel factory in India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Power Sector Update - Higher Coal Demand Continues

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.

Click on the attachment to read the full report:

ICICI Securities Power Sector Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.