ICRA Forecasts Power Demand To Rise Six to 6.5 Per Cent

30 May 2025 CW Team

India’s electricity demand is projected to grow at a rate of six to 6.5 per cent annually over the next five years, according to ratings agency ICRA. This growth is expected to be fuelled by increasing adoption of electric vehicles, expansion in green hydrogen production, and rising demand from data centres.

These three sectors are likely to contribute twenty to 25 per cent of the additional electricity demand between financial years 2026 and 2030. However, grid dependence may slightly decline due to wider use of rooftop solar systems and off-grid energy projects promoted under schemes like PM Surya Ghar Yojana.

ICRA estimates a record generation capacity addition of 44 gigawatts in financial year 2026, up from 34 gigawatts in financial year 2025. The overall installed power capacity is expected to reach nearly 520 gigawatts by March 2026.

Meanwhile, an early monsoon has curbed peak demand, which has not crossed 220 gigawatts so far this summer.

This has resulted in excess coal stocks and lower coal import prices. Despite a strong focus on renewable energy, ICRA continues to maintain a stable outlook for the thermal power sector.

Source:Business Standard

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..