Ind-Ra: Covid 2.0 restrictions can hit energy demand growth recovery

11 May 2021 CW Team

Credit rating agency India Ratings and Research (Ind-Ra) told the media that the lockdowns in different manufacturing states due to Covid-19 can affect all-India energy demand growth recovery in the first quarter of FY22 whereas demand is anticipated to be higher due to the lower base impact.

The early outbreak of summer has added to the higher demand of all-India energy as it was higher by 22.8% year-on-year (y-o-y) at 122 billion units.

The increase in energy demand and reduction in energy generation from hydro and renewable sources improved the thermal plant load factor (PLF) by 66.5%. The thermal sector's PLFs increased across the central, state, and private sectors by 80.4% in March.

The lockdown in major manufacturing states due to Covid-19 has affected the demand from industrial division, which in return impacted the thermal PLFs, said Ind-Ra.

Further, the agency added that the electricity production from renewable sources raised by 10.1% and solar generation increased by 21%.

The transmission line addition increased tremendously in the fiscal year 2021 and increased to 16,750 circuit km above and it was higher at 4,381 circuit km in March.

Ind-Ra is one of the India's most reputed credit rating agencies that provides ratings, research and rigorous analytics of the market in India.

Image Source

Also read: Impact of COVID-19 on the market of worldwide room air conditioners industry

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..