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Power Sector
The power sector has led rating upgrades in the fiscal year 2025-26 on improved execution as well as stable operations, said rating agency ICRA on Wednesday. The power sector emerged as one of the key drivers of rating upgrades in FY2026, supported by improved project execution, stable operating performance and strengthening parent profiles, according to the ICRA statement. The sector witnessed a significant improvement in credit metrics during the year, with its credit ratio rising to 5.2 in FY2026, compared to 3.4 in FY2025 and 2.9 in FY2024, indicating a sustained increase in upgrades relative to downgrades. This improvement reflects easing project risks, stabilisation of operations for commissioned assets and steady cash flow generation. Rating upgrades in the sector were driven by factors such as project completion, track record of stable operating performance and strengthening of parent credit profiles. The sector also benefited from continued policy support, infrastructure p
Power consumption in the country grew marginally by 1.8 per cent to 149.56 billion units in March from 146.92 BU a year ago amid lesser use of appliances like air-conditioners and coolers due to unseasonal rains. Intermittent rains have kept the temperature at a lower level, delaying the onset of summer across the country. According to the government data, the peak power demand met or the highest supply during March this year rose slightly to 238.37 GW from 235.22 GW recorded in February 2025. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time peak power demand of 243.27 GW was recorded in September 2023. During the last summer (April 2025 onwards), the peak power demand reached 242.77 GW in June, but stayed lower than the government's estimate of 277 GW. The power ministry has estimated about 270 GW of peak power demand during the summer season this year. According to the Indian Meteorological Department, March this year saw higher
India's carbon dioxide emissions grew in 2025 at the slowest rate in more than two decades, according to an analysis by the Centre for Research on Energy and Clean Air (CREA). The analysis also pointed out that emissions in the power sector fell by 3.8 pc as record clean-energy growth combined with weak electricity demand. Also, consumption of imported coal at power plants fell by 20 per cent in 2025. "India's carbon dioxide (CO2) emissions grew by 0.5 per cent in the second half of 2025 and by just 0.7 per cent in the year as a whole, the slowest rate in more than two decades. "This is a sharp slowdown from the growth of 4-11 per cent in the preceding four years and marks the lowest rate of increase since 2001, excluding the impact of Covid in 2020," said the analysis on India's CO2 emissions from fossil fuels and cement, based on official data for fuel use, industrial production and power output. "This is the second in a new series of half-yearly analysis on India's CO2 emissions
Integrated power infrastructure EPC company Polite Powertech Ltd has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issue of 1 crore equity shares and an offer for sale of 25 lakh equity shares. Proceeds from the issue will be utilised for funding working capital requirements of the company and general corporate purposes. Polite Powertech is an integrated power infrastructure engineering, procurement, and construction (EPC) company, engaged in the design, supply, installation, testing, and commissioning of power transmission, distribution, and renewable energy projects. The company reported a revenue from operations increasing sharply from nil in FY2023 to Rs 24.65 crore in FY2024 to Rs 155.63 crore in FY2025, and further reaching Rs 97.32 crore in H1 FY26. Arihant Capital Markets Limited and Valmiki Leela Capital Private Limited are the book-running lead managers (BRLMs) t