AP Chambers welcomes energy sector reforms

AP Chambers welcomes proposed energy sector reforms

Welcoming the reforms in the energy sector, AP Chambers of Commerce and Industry Federation (AP Chambers) observed that the new provisions in the proposed Electricity (Amendment) Rules 2022 will remove public as well as private monopolies in the power distribution sector.

The competition in the power distribution sector will certainly improve the quality of services and also lead to price competition which is undoubtedly advantageous to face global competition in terms of boosting exports.

The Chambers said that the cost of the service is not followed by discoms at prese..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..