Power demand rose a mere 5% y-o-y in October despite an early festive season. Demand in FY22 (until October) rose at a CAGR of 2.3% over the pre-pandemic level, even as it was up 11.5% over YTDFY21 off a benign base.
Dues for distribution companies (DISCOMS) continued to mount, rising to Rs 1,159 bn as of Oct’21.
Tamil Nadu, Maharashtra and Rajasthan accounted for 47% of the total outstanding dues.
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