India Power Q1 Preview – Resilience Benefits The Sector: ICICI Securities

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Despite the two-month (May-June 2021) lockdown due to Covid-19 second wave, power sector was resilient and fared well in Q1 FY22.

Although due to lower base in Q1 FY21, power demand was up 17% YoY, it was 2.5% lower versus Q1 FY20 due to the lockdown impact.

However, once the states started to relax lockdowns and allowed economic activities to normalise, there was a significant jump in demand, which crossed its all-time highs several times June-21-end onwards.

Peak all-India demand reached an all-time high of 200.6 gigawatt on July 07, 2021.

Due to significant growth in demand, both volumes and prices at exchange increased.

Click on the attachment to read the full report:

ICICI Securities Q1FY22 Power Preview.pdf


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