Stable Thermal PLF, Power Demand Growth

21 Jun 2024 CW Team

Coal-based power, which remains a significant contributor to India's energy mix, is projected to maintain its stability. Despite the growing emphasis on renewable energy sources, coal-based plants are expected to operate at a stable PLF, thanks to the consistent demand. The report underscores the importance of policy measures in balancing the energy transition, as renewable energy capacities continue to expand.

The power sector's overall health is bolstered by policy initiatives aimed at improving the financial health of distribution companies. These measures are crucial in ensuring the timely payment to power generators, which in turn supports the stable operation of thermal power plants. The projected 6% growth in power demand for FY2025 is a positive indicator for the sector, encouraging further investment and development in power infrastructure.

Investment in power infrastructure, including transmission and distribution networks, is vital to support the anticipated growth. The report calls for continued focus on enhancing the efficiency and reliability of the power supply chain. As India transitions towards a more sustainable energy mix, the integration of renewable energy with the existing grid is essential for maintaining stability and meeting the rising power demand.

ICRA's projections indicate a balanced growth trajectory for the power sector, with stable thermal PLF and robust power demand growth. This outlook underscores the need for sustained policy support, strategic investments, and efficient management to navigate the challenges and opportunities in India's evolving energy landscape. The emphasis on financial health, infrastructure development, and energy transition highlights the sector's critical role in driving economic growth and sustainability.

ICRA, a leading credit rating agency, projects a stable plant load factor (PLF) for thermal power plants and a 6% growth in power demand for FY2025. The report highlights that the power demand is expected to rise due to increased electricity consumption across various sectors, driven by economic growth and higher industrial activities. This surge in demand will support the capacity utilization of thermal power plants, ensuring a stable PLF. Coal-based power, which remains a significant contributor to India's energy mix, is projected to maintain its stability. Despite the growing emphasis on renewable energy sources, coal-based plants are expected to operate at a stable PLF, thanks to the consistent demand. The report underscores the importance of policy measures in balancing the energy transition, as renewable energy capacities continue to expand. The power sector's overall health is bolstered by policy initiatives aimed at improving the financial health of distribution companies. These measures are crucial in ensuring the timely payment to power generators, which in turn supports the stable operation of thermal power plants. The projected 6% growth in power demand for FY2025 is a positive indicator for the sector, encouraging further investment and development in power infrastructure. Investment in power infrastructure, including transmission and distribution networks, is vital to support the anticipated growth. The report calls for continued focus on enhancing the efficiency and reliability of the power supply chain. As India transitions towards a more sustainable energy mix, the integration of renewable energy with the existing grid is essential for maintaining stability and meeting the rising power demand. ICRA's projections indicate a balanced growth trajectory for the power sector, with stable thermal PLF and robust power demand growth. This outlook underscores the need for sustained policy support, strategic investments, and efficient management to navigate the challenges and opportunities in India's evolving energy landscape. The emphasis on financial health, infrastructure development, and energy transition highlights the sector's critical role in driving economic growth and sustainability.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Infrastructure Urban

06 Nov 2025

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Infrastructure Transport

06 Nov 2025

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..