
Budget 2023: Energy-Hungry India Has Reduced Deficit Drastically
Power deficit has fallen drastically, particularly since FY17.
Power deficit has fallen drastically, particularly since FY17.
Power sector heavyweights such as NTPC, Power Grid, Coal India, Tata Power, and NHPC are expected to report double digit growth in profits in Q2 FY23.
Power minister RK Singh says that two unsuccessful attempts were made by Chinese hackers to target electricity distribution grid centres near Ladakh.
The monetisation agenda has been led by the roads sector, followed by power and mining.
A massive push for public mobility infrastructure, power distribution infrastructure and renewable capacity addition is required in the Budget.
Industries' move to digitalise critical power equipment augurs well for the power value chain — from generation, transmission, distribution, to consumption.
No breakthrough in talks with PE investors to hive off the company's renewable energy business.
Budget 2021 has made it possible for power distribution companies to come up with new business models. This will, in turn, lead to innovative solutions and financing options for various services.
The Indian government has highlighted in the past—especially through various policy interventions—how green energy is the future we need to embrace. Can we expect more on this from the Budget 2021?
As the country went into a lockdown, the power sector bore the brunt, especially with a sluggish demand. The Budget may consider some tax propositions to alleviate liquidity stress of power companies.