Page 2 - Power Sector

India's renewable power growth at 98 TWh doubles demand rise in 2025: Ember

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

BHEL surges 35% in 8 days, hits 21-month high; brokerages remain upbeat

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.

Pakistan plans two-hour evening power cuts to tackle energy crisis

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

BSE Power index hits 16-month high; Siemens, Thermax soar 6%

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.

Adani Power, NTPC among 5 power stocks that can rally up to 24%: Analysts

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.

Analysts prefer Tata Power, NTPC amid likely rise in power demand

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

Govt panel proposes aid to help power sector shift to green switchgear

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 govt bars power line cuts despite dues nearing ₹7,000 crore

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

Weak demand trends likely to hit power sector in the near term outlook

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 Charan Majhi inaugurates grid substations worth ₹600 crore

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

Power ministry pushes insurance surety bonds as bank guarantee alternative

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

Northern Coalfields' production rises 1.08% to 140.5 million tonnes in FY26

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

Discom dues fall to ₹3,300 crore from ₹1.39 trillion: Shripad Yesso Naik

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

Power sector leads rating upgrades in FY26 on stable operations: Icra

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 rises marginally 1.8% to 149.56 bn units in March

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

M&As surge in India's RE sector as investors eye de-risked route to scale

India's renewable energy sector is witnessing a surge in M&A activity as investors opt for faster, de-risked growth amid strong capacity targets, policy push, and rising demand visibility

Credit to renewable energy sector doubles to ₹10,325 crore in 2025

Outstanding credit to renewable energy sector nearly doubles in 2025, reflecting stronger banking support for energy transition and infrastructure expansion

India's power demand growth to slow to 1% in FY26, lowest in 5 years: ICRA

ICRA expects India's power demand growth to slow to 1 per cent in FY26, the lowest in five years, citing a prolonged monsoon, weak demand and a high base effect

India's carbon emissions in 2025 grew at slowest rate in 2 decades: Report

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

Power Grid outlook strong on capex push, but valuations look stretched

Power Grid's strong capex pipeline and improved execution support growth outlook, but elevated valuations temper upside for the regulated utility