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Electricity distribution companies are showing better payment habits. This is helping power generators receive payments on time. Key operational metrics have improved significantly. The gap between costs and revenue has narrowed. Technical and commercial losses have also fallen. The sector reported its first profit in years. However, performance varies across states. View More
New Delhi: Recent improvements in the payment discipline of state-owned electricity distribution companies (discoms) are supporting near-term cash flow visibility for power generators , although the sustainability of these gains will depend on continued reform support from the central government and progress in addressing structural weaknesses in the sector, according to Moody's Ratings . The ratings agency said the distribution sector has shown a marked improvement in key operational metrics in recent years. The gap between average cost of supply and average revenue realised (ACS-ARR) narrowed sharply to Rs 0.06/unit in FY25 from Rs 0.69/unit in FY21, while aggregate technical and commercial losses fell to 15% from 21.9% over the same period. The sector also reported a consolidated profit after tax of around Rs 27 billion in FY25, the first such profit since the unbundling of State Electricity Boards. However, the performance remains uneven across states. The agency said that 20 out of 31 states continue to report ACS-ARR gaps above the state discom average, while only Gujarat and West Bengal have accumulated surpluses. According to the report, the late payment surcharge rules introduced in 2022 have strengthened payment discipline and cut receivables pressure for power generators. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
TAM on power exchanges provides products allowing participants to buy or sell electricity on a term basis for up to 90 days View More
The company’s decision to use expensive NMC cells instead of industry-standard LFP chemistry for its lithium-ion batteries has led to a massive revenue shortfall and slowdown in its home energy storage business. View More
IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made directly by the company, a source told CNBC. View More
In this articleIMAXFollow your favorite stocksCREATE FREE ACCOUNT An Imax private screening for the movie "First Man" at an AMC theater in New York on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty Images Shares of premium theater company IMAX jumped after the closing bell Thursday following a report that it's exploring a sale.A source familiar with the company told CNBC that it has held "preliminary talks" through intermediaries, but no official pitches have been made by the company. IMAX's longtime bankers occasionally test the waters for potential interest, said the person, who spoke on the condition of anonymity due to the confidential nature of the discussions.The Wall Street Journal first reported the potential sale process. The stock was up roughly 10% in extended trading. CEO Rich Gelfond recently returned to work after taking temporary medical leave to undergo treatment for pneumonia. Gelfond told shareholders back in December that he was open to a potential sale of the company. He said at the company's investor day that IMAX is "an incredibly valuable player, either as a wholly differentiated publicly-traded company or as part of a larger company with the keys to unlock even greater value and our strong business worldwide.""We're very excited about all of those possibilities. And we're going to run our business to maximize value in every possible way," Gelfond said. IMAX has become the premiere vendor of premium experiences in the theatrical space. Last year, the company generated a record $1.28 billion at the global box office, a more than 40% increase over 2024 and 13% higher than its previous record set in 2019.Meanwhile, premium large format, or PLF, screens continue to grow in popularity. In 2025, PLF screens accounted for 16.3% of domestic ticket sold, averaging $16.88 a piece. That's up from around 14% of tickets sold in 2021 at an average of $15.42 each, according to data from EntTelligence. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Patratu Vidyut Utpadan Nigam Limited has started trial runs for its second 800 MW power unit. This boosts the project's capacity to 1,600 MW. The NTPC group's total installed capacity now exceeds 90 GW. Jharkhand will receive 85 percent of the power generated. Unit-3 is under construction and expected by FY27. View More
Ranchi: Patratu Vidyut Utpadan Nigam Limited (PUVNL), a joint venture between NTPC Ltd and Jharkhand Bijli Vitran Nigam Ltd , has commenced trial operations of the second 800 mw unit at its Patratu Super Thermal Power Project , taking the project's total installed capacity to 1,600 mw. With the latest addition, the total installed capacity of the NTPC group has crossed the 90 GW mark, the company said in a statement. PVUNL CEO Ashok Kumar Sehgal said 85 per cent of the power generated from the project has been allocated to Jharkhand, which would help strengthen the state's energy security and support industrial growth. "With the commissioning of Unit-2, PVUNL has emerged as a transformational project for Jharkhand's energy landscape," he said. The company said Unit-1 of the project began commercial operations in November 2025, while Unit-2 achieved full load in March 2026 before entering successful trial operations on May 11. Live Events RECOMMENDEDSTORIES FOR YOUIs India Inc's CSR truly driving systemic change or just shifting funds?India-UAE energy agreement: This Emirati strategy has power PVUNL generated 2,062.90 million units of electricity during the 2025-26 financial year, it said. Work on Unit-3 is currently underway and is targeted for commissioning in FY27, it added. According to the company, the project uses ultra-supercritical technology, air-cooled condensers and a 100 per cent dry ash handling system to improve efficiency and minimise environmental impact. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
India's electrical equipment industry is on the brink of a transformative surge. Projections indicate that by 2035, the nation could produce $235 billion worth of electrical goods, with exports surpassing $60 billion. This optimistic forecast is fueled by advancements in technology and competitive pricing strategies. View More
Mumbai: India’s electrical equipment industry could emerge as a major global manufacturing and export hub by 2035, with domestic production potentially reaching between $195 billion and $235 billion, according to a new report released by McKinsey & Company. The report, titled Wired for Growth: India’s Electrical Equipment Opportunity, projects that exports from the sector could exceed $60 billion, while domestic consumption may grow to $170–205 billion over the next decade. India’s electrical equipment industry, which spans power generation, transmission and distribution, storage, grid management, and end-use applications, is expected to grow at an annual rate of 11–13%. The report attributes this growth to improving cost competitiveness, stronger technological capabilities, and rising export potential. Also read | Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover According to the report, India’s domestic electrical equipment market reached $59 billion in FY2025, growing at 11% CAGR over the past five years. However, import dependence also increased significantly — from 22% in 2020 to 33% in 2025. Live Events Amit V Gupta, Senior Partner at McKinsey & Company and co-author of the report, said India has already demonstrated global leadership in sectors such as IT services and auto components, and a similar strategy could help transform the country into a global player in electrical equipment technologies. The report adds that without significant intervention, India’s import dependence in the sector could exceed 70% by 2035, resulting in a production shortfall of more than $130 billion. To avoid this, the country would need to scale domestic manufacturing capacity nearly fivefold from current levels. Also read | L&T opens India's largest skill training institute in PM Modi's hometown Vadnagar And this can be achieved by localization opportunities in key segments such as power electronics, batteries, solar photovoltaic (PV) cells and modules, and electrical subcomponents. Domestic demand for power electronics alone could surpass $17 billion by 2035, the report added. The study also emphasized India’s potential to capture over 7.5% of global exports in sectors like solar PV and transformers by 2035, supported by stronger export infrastructure, improved competitiveness, and innovative service-based business models. Bhavesh Mittal, Partner at McKinsey & Company, said that India must rapidly expand domestic manufacturing in areas such as power electronics, AC compressors, and the solar value chain to avoid future supply vulnerabilities, adding that “business-as-usual will not be enough". The report added that India’s early success in subsea cables and renewable energy equipment demonstrates the country’s potential to become globally competitive in high-growth segments. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The Indian stock market showed little change today, with major indices giving up early gains due to profit booking. The Nifty 50 and Sensex closed down, while broader market indices also followed suit. Oil prices fell amidst geopolitical developments, contributing to cautious market sentiment. View More