Power Sector

Quarterly performance weighed by lower income, though full-year results show steady growth in loan book, renewable portfolio and disbursements

The country's peak power demand soared to 255.85 GW on Monday, reaching the record level for the second time within three days, driven by intense heatwave conditions that pushed usage of cooling appliances like air-conditioners and desert coolers. The surge in power demand, amid severe heatwave conditions across the north, central and western India, resulted in a significant rise in energy consumption, as users relied on air-conditioners and cooling devices to beat the heat. According to the power ministry data, peak power demand was recorded at 255.85 GW (nearly 256GW) on Monday, which was a tad below the highest-ever peak demand recorded at 256.11 GW on Saturday. Peak power demand started surging in the second half of this month and touched 252.07 GW on April 24. The power ministry on Tuesday said, "India has successfully met its all-time highest peak electricity demand of 256.1 GW on 25th April 2026 at 15:38 hrs without any shortage, while simultaneously maintaining electricity

IEX says proposed market coupling norms may not benefit consumers or deepen markets, as CERC designates Grid India to centrally manage price discovery

MNRE launches a 500 MW CfD pilot to ensure revenue certainty, reduce risks, and improve market stability for renewable energy developers

As global disruptions expose vulnerabilities in energy systems, digital power infrastructure and smart grids are emerging as critical pillars of energy security for India's rapidly growing economy

Rajesh Bhosale, technical analyst at Angel One believes that overbought conditions tend to persist during strong trends as they also reflect inherent strength.

Ember report highlights strong renewable growth in India, with clean energy meeting demand rise and fossil fuel generation declining amid lower electricity demand

The order book expansion to ₹2.4 trillion provides strong revenue visibility, with a book-to-bill of ~7.4x, ensuring multi-year execution pipeline and reducing earnings volatility, said analysts.

Distribution companies in Pakistan have been directed to inform consumers in advance about scheduled outages and to avoid unscheduled power cuts

Thus far in April, the BSE Power index has outperformed the market by soaring 13 per cent compared to a 8.5 per cent rise in the BSE Sensex.

Technical analyst at Bonanza believes that power stocks NTPC, Adani Power, Tata Power, Adani Green and Power Grid are showing strong bullish structure and can potentially surge up to 24% from here.

Given this backdrop, analysts expect power demand to jump 8-12 per cent year-on-year (Y-o-Y). "Every 1°C rise above 24°C historically adds roughly 2 per cent to demand," said analyst

A government panel has proposed financial incentives to promote green switchgear adoption, citing high costs and evolving technology, and to reduce dependence on imports

Odisha has barred power disconnections for unpaid bills during summer despite dues nearing Rs 7,000 crore, aiming to provide relief amid heatwave and rising electricity demand

Muted power demand growth in FY26 may weigh on thermal players, though renewable energy and transmission expansion continue to offer long-term opportunities

Odisha CM Mohan Majhi inaugurates grid substations and transmission lines worth Rs 600 crore to improve power supply, benefiting 22 lakh consumers in Bhubaneswar and nearby areas

Centre asks states to accept insurance surety bonds in power procurement to ease liquidity constraints, reduce credit exposure, and boost participation across energy projects

Coal India arm reports 1.08% rise in output to 140.5 MT in FY26, meeting targets and supplying bulk of dispatch to thermal power plants

Outstanding dues of power discoms fall to Rs 3,300 crore from Rs 1.39 lakh crore in 2022, aided by LPS rules and reforms to improve financial health of utilities

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