 "tata power")
Power consumption directly and strongly correlates to economic activity. Generation has seen double-digit growth year-on-year (YoY) through June, July, and August, albeit on a low base.
The period between April and August has seen 15 per cent rise in generation (YoY). Merchant rates have also risen and coal supplies have been stretched by demand. Outstanding dues by distribution companies (discoms) are more or less flat.
Tata Power would be one of the beneficiaries of this resurgence in power demand. It beat estimates in the first quarter of financial year 2021-22 (Q1FY22) and has seen a surge in stock
The period between April and August has seen 15 per cent rise in generation (YoY). Merchant rates have also risen and coal supplies have been stretched by demand. Outstanding dues by distribution companies (discoms) are more or less flat.
Tata Power would be one of the beneficiaries of this resurgence in power demand. It beat estimates in the first quarter of financial year 2021-22 (Q1FY22) and has seen a surge in stock
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