India Power Q1 Preview - Resilience Benefits The Sector: ICICI Securities

The cooling tower of a power plant stands behind an electrical grid in Patna, Bihar. (Photographer: Prashanth Vishwanathan/Bloomberg)  

India Power Q1 Preview - Resilience Benefits The Sector: 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

Despite the two-month (May-June 2021) lockdown due to Covid-19 second wave, power sector was resilient and fared well in Q1 FY22.

Although due to lower base in Q1 FY21, power demand was up 17% YoY, it was 2.5% lower versus Q1 FY20 due to the lockdown impact.

However, once the states started to relax lockdowns and allowed economic activities to normalise, there was a significant jump in demand, which crossed its all-time highs several times June-21-end onwards.

Peak all-India demand reached an all-time high of 200.6 gigawatt on July 07, 2021.

Due to significant growth in demand, both volumes and prices at exchange increased.

Click on the attachment to read the full report:

ICICI Securities Q1FY22 Power Preview.pdf

DISCLAIMER

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 author entity 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.