The mechanism of the Sub-Group comprising of representatives from the Ministry of Power, Ministry of Coal, Ministry of Railways and Power Generating companies is playing an effective role in maintaining an efficient supply chain
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The figures indicate a considerable rise compared to August and September 2023, when gas-based power generation did not exceed 4,000 million kWh
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The current heatwave, coupled with lower global spot LNG prices and a government push to prevent power supply disruptions during the election season, has boosted overall gas-fired power generation
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A month ago, on 1 May, oil marketing companies slashed the prices of commercial LPG gas cylinders by Rs 19 per unit with immediate effect
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The healthy demand growth continued in the first two months of FY25 at over 10 per cent supported by a favourable base. The report stands validated by the record maximum power demand of 250 GW on 30 May, as declared by the Ministry of Power.
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According to Icra, forecasts suggest this trend will continue, with expectations of a further surge to 55 per cent by March 2025, indicating a notable consolidation within the sector.
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According to the Bombay Stock Exchange, IRCTC's market capitalisation stands at Rs 87,152 crore
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With the increasing temperature and heatwaves becoming more common the demand for cooling and air conditioning spikes dramatically, the surge in consumption often leads to peak power usage, straining electrical grids and driving up electricity bills for consumers
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