The Indian power sector is undergoing a major transformation in respect of demand growth, energy mix and market operations for past couple of decades. The 19th Electric Power Survey published by the Central Electricity Authority (CEA) estimates that India’s electricity demand will grow at the CAGR of 7.1 per cent between FY17 and FY22. On the contrary, the demand for electricity had witnessed a much slower growth in the recent past. According to an analysis of daily load despatch data by state-run Power System Operation Corp Ltd (POSOCO), the power supply fell to 101.92 billion units in December, down 1.1 per cent from 103.04 billion units last year. Earlier, according to the CEA data, the supply fell 4.2 per cent in November and 12.8 per cent in October last year. It is also to be noted that the peak demand grew by a miniscule 2.6 per cent between FY15 and FY18 against the CEA’s estimate of 9.3 per cent growth. This is somehow impacting the performance and growth of electrical equipment industry.
However, there are few companies who have done extremely well to stand tall against the prevailing conditions. This time, to mark ELECTRICAL INDIA’s glorious 60th year of publication, we feature around 60 electrical and power companies who have made remarkable, impactful contribution in their respective field of business over the years. Hope you will enjoy reading the industry outlook from the horse’s mouth.
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