Power Psus News Today

Rising power consumption in India, fueled by economic rebound, cold wave, and low rainfall, has led to a 7.5% increase in electricity usage. The government anticipates a surge in demand to 384 GW by March 2032. 11 power stocks have posted gains ranging from 20% to 110% over the past three months.

REC Ltd approves Rs 1.20 lakh crore line of credit for public sector power companies implementing rooftop solar projects under Pradhanmantri Suryodaya Yojana. The company to be project implementation agency for the rooftop solar project. Three segments covered: households, commercial/industrial, and government buildings. Government aims for 40 GW rooftop solar capacity.