INDIAN ENERGY EXCHANGE ANNOUNCES AUDITED FINANCIAL RESULTS

All India electricity demand bounced back in Q4 FY’20 with a 1.6percent YoY growth after a decline of 5.9percent in Q3 FY’20. The first two months in the quarter – Jan and Feb, witnessed a demand growth of 7.7percent YoY. March began with a positive growth, however, COVID-19 related preventive lockdown led to 9.2percent YoY decline in demand during the month.

From a full year FY’20 perspective, the power sector was characterised by muted electricity demand growth of 1.3percent YoY, for the first time since FY’14 as we faced headwinds on account of several unprecedented developments related to economic and industrial growth slowdown as well as weather related changes.

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