Freight growth and traffic congestion show signs of improvement
Power Ministry notifies new coal stocking norms, gencos to follow month-wise threshold
Improvement in traffic, power generation and other indicators; daily Covid-19 case load below 25,000
IndianOil is gearing up to provide EV charging facilities at 10,000 fuel stations in the next three years, said Director, Marketing V. Satish Kumar
Traffic congestion is rising again in major cities
Total income dipped to Rs 1,858.93 crore in the quarter, from Rs 2,006.66 crore in the same period a year ago
The ministry cited the domestic coal supply to the power sector till January 2022, which was 552.65 million tonne
Mobility indicators also suggest people are moving about more
The share of renewable energy in installed capacity is 22%
The New Delhi-based company is aiming to secure cargoes starting from April, when power consumption in India typically surges on summer cooling demand
Several metrics show signs of lower activity than the previous week
Freight data shows slower growth
Odisha Chief Minister Naveen Patnaik said the state government is investing significantly in improving power infrastructure to provide 24x7 quality power to all.
Kalpataru Power Transmission Ltd on Thursday said that it has bagged new orders worth Rs 1,560 crore. "Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, has secured new orders/notifications of award of Rs 1,560 crores," the company said in a statement. According to the statement, the orders include those from India, Africa, CIS and South America in the power transmission business. Besides, KPTL's international subsidiary has secured new power transmission projects in Europe. Manish Mohnot, MD and CEO, KPTL said: We are delighted with the new order wins, especially that all these orders are in our core power T&D business. These orders in the T&D business reaffirms our confidence in the strong growth of this business going forward. With reduced volatility and good visibility across all our businesses, we are confident to reach our targeted margin and build a strong order book.
Power generation, other indicators also show positive trend
Coal dominates Indian power generation but that is changing, with renewables accounting for more than 80% of new capacity last year, according to BloombergNEF
Power generation, rail numbers head higher
The dues of RE power generators have increased by close to 40 per cent since January, the highest among all categories of gencos
Power generation also moves higher than the previous week
India's power consumption grew by 1.3 per cent in the first ten days of this month from December 1 to 10 to 34.23 billion units (BU) over the same period a year ago, according to power ministry data. In 2020, power consumption was 33.78 BU during December 1 to 10. In the entire month of December 2020, consumption was 105.62 BU, up from 101.08 BU in December 2019. Experts are of the view that power consumption as well as demand would grow at a steady pace in December with improvement in economic activities across the country. During the first 10 days of December this year, the peak power demand met or the highest supply in a day, touched 169.12 Gigawatt (GW) compared to 165.42 GW in the same period in 2020. The peak power demand met in December 2020 was 182.78 GW up from 170.49 GW in December 2019. In November this year, the power consumption grew by 2.6 per cent to 99.37 BU. Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it was at 93.94 ..