ICRA forecasts India power demand jump of 5 to 5.5 percent in FY27

Published on 7 May 2026

EVs and data centers join the demand surge

ICRA expects India’s power demand to grow 5.0–5.5% in FY27, driven by industrial, commercial, agricultural and household consumption. New demand pockets from electric vehicles and data centers are also set to play a role, while thermal plant usage is expected to remain stable. But distribution companies may struggle with high debt and limited tariff increases, pressuring profitability.

Power demand growth in FY27 projected at 5.0–5.5%
Industrial, commercial, agri and household sectors will lead
EVs and data centers will add new demand drivers
High debt and muted tariffs could hurt distribution profits

#distribution #data centers #power demand #icra #electric vehicles

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ICRA forecasts India power demand jump of 5 to 5.5 percent in FY27

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