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India Business News: India extended a mandate to power plants to import coal until March as the driest August in more than a century pushed electricity demand to a record,
India's power and renewable energy minister R K Singh will chair the meeting on Monday, another letter showed. The meeting aims to discuss reviving the 25 GW of gas-based capacity either idled or underutilised due to lack of fuel.
On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market's recovery following a big slump.
India's electricity consumption hit a new high this summer but the transmission grid has been much more stable because of increased generation from renewables as well as plentiful fuel stocks at... -Today at 11:34 am- MarketScreener
India's electricity consumption reached a new high this summer, but the transmission grid remained stable due to increased generation from renewables and abundant fuel stocks at coal-fired power plants. The grid operated with a closer balance between generation and load, reducing the risk of power outages. Generation from wind and solar farms increased, and improved fuel availability led to an increase in coal-fired units' output. India has benefited from the significant growth in renewable capacity installed in recent years, while also prioritizing increased coal production to meet summer pea...