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IEX records 13.2% growth in electricity sales in September quarter

Paddy procurement is up 26 per cent so far this year, from 8.488 million tonnes in the correspo­nding period of KMS 2019-20.

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The consolidated net profit of the firm dipped over nine per cent to Rs 44.33 crore compared to Rs 48.82 crore.

Press Trust of India

Indian Energy Exchange (IEX) on Wednesday said it has recorded a 13.2 per cent rise in electricity sales to 16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels.

The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country, an IEX statement said.

"The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019)," it added.

The second quarter initially saw