POWER SECTOR COMPANIES IN THE SPOTLIGHT AS POWER CONSUMPTION JUMPS 11% IN JULY

India's power consumption grew by 11% year-on-year (YoY) to 170.70 billion units in July as high humidity levels pushed up use of cooling appliances such as air conditioners in many parts of the country. The higher feel-like temperature than actual, caused by humid conditions across the country, increased use of cooling appliances like air conditioners, thereby increasing power demand and consumption. Sustained high demand is positive for power producers as it supports higher generation and better capacity utilisation, while transmission and distribution companies also benefit from increased electricity flows. Some of the power producers that can benefit from this are $NTPC , $TATAPOWER , $ADANIPOWER , $POWERGRID , $NHPC , $SJVN , $TORNTPOWER , $JSWENERGY