India’s Power Demand Continues To Remain Firm: Motilal Oswal
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Motilal Oswal Report
An increase in Covid-19 cases has led to the announcement of stricter restrictions and curfews in various Indian states.
The same has led to uncertainties over growth in India’s power demand.
While the full implications on demand is yet to have panned out, the underlying data for power demand has so far not showed any signs of waning.
It continues to trend a healthy 40%/9% versus April 2020/April 2019 levels.
Funds from the Rural Electrification Corporation-Power Finance Corporation led Atmanirbhar scheme has picked up pace, and along with the improved power demand, has aided the receivables situation of generators.
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