New Delhi, Oct. 13 -- India's power sector is expected to report up to 11 per cent year-on-year (YoY) profit growth in Q2FY27, supported by strong electricity demand, higher plant load factors and potential incentives for thermal power producers, according to Nuvama Institutional Equities.

Power Demand Rises Amid High Humidity, Lower Rainfall

India's power demand rose 11.7 per cent YoY to 503 billion units (BU) in Q2FY27, while September demand increased nearly 12 per cent to 163 BU, driven by high humidity and lower rainfall, the brokerage said.

Peak power demand surged 17.5 per cent YoY to 269 GW in September, led by demand during non-solar hours, reported ANI.

Thermal Power Generation And Plant Load Factors Improve

Thermal power a...