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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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India’s peak power demand breaks record fourth day in a row
2026-05-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Peak consumption touches 270.82 GW as rising temperatures drive heavier use of cooling appliances 

Peak consumption touches 270.82 GW as rising temperatures drive heavier use of cooling appliances 

India’s peak power demand met during the day surpassed the Power Ministry’s estimate for FY27 hitting 270.82 GW. This is also the fourth consecutive day with power demand breaking all past records.

“Today was the 4th consecutive day when the peak power demand (solar hours) reached a new all-time high. At 1545 hours (21.5.2026), the peak power demand (solar hours) of 270.82 GW was successfully met,” Power Ministry said Thursday on X.

The surge in demand appears to be linked to the greater usage of cooling appliances in view of the prevailing weather conditions across the country, it added.

“Today’s peak demand was met with the following mix: Thermal 62.8 per cent, solar 22 per cent, wind 5 per cent, hydro 5.8 per cent and rest from other sources. The availability of coal at the thermal power plants (TPPs) is adequate and the supplies are being effectively monitored,” it said.

Coal reserves

Coal reserves at TPP end of a little over 51.98 million tonnes (mt) on May 18 against a daily consumption of roughly 3.10 mt. This is for a cumulative coal-based capacity of around 223 GW. Out of this, domestic coal based (DCB) plants with 203 GW installed capacity have stocks of 49.3 mt with a daily requirement of 2.9 mt. Imported coal based (ICB) plants (18.78 GW capacity) have stocks of 2.7 mt with a daily requirement of 1.96 lakh tonnes.

India’s peak power demand during solar hours hit a record 260 GW on Tuesday, surpassing the 257 GW record made on Monday. However, the peak demand surpassed 265 GW on Wednesday, and eventually surpassed 270 GW on Thursday.

The Power Ministry had estimated India’s peak demand to be in the range of 270 GW in the current fiscal year.

It is expected that the country’s peak power demand during daytime is expected to remain in the 250-260 GW range considering the weatherman anticipates the heat waves to continue for the next 6-7 days across northwest and central India with mercury crossing 47 degrees Celsius in several places.

Disha Aggarwal, Senior Programme Lead at Council On Energy, Environment and Water (CEEW), said “India crossed 270 GW of peak demand at 15:47 hrs today. Record heat and surging electricity demand continue to test the power system. A 256 GW peak demand in the week of April 20 already highlighted how thin the margins are becoming: surplus solar during the day, nearly 190 GW of installed coal capacity running at full capacity during nights with up to 5.4 GW of night-time shortage, and exchange prices swinging five-fold between solar and non-solar hours.

Four fronts

With projections pointing to 270 GW peak in the coming weeks, and hotter nights becoming the norm, India must urgently act on four fronts, she emphasised.

“First, fast-track the commissioning of 9.7 GW of battery and pumped hydro storage, planned for FY27, to utilise cheaper and surplus solar power during nights. Second, ensure adequate coal stocks are maintained, especially at plants distant from mines. Third, expand the application of time-of-day tariffs so that smart-metered consumers can optimise evening consumption. Fourth, equip Discoms with AI-driven, weather-linked tools to anticipate demand hotspots to prevent transformer failures,” Aggarwal added.

In line with the country, the national capital also recorded a record electricity demand on Thursday. Delhi’s peak power demand touched 8,231 MW at 1531 hours—the highest recorded so far in 2026. On Wednesday, peak demand had touched 8,039 MW.

Delhi Discoms BSES and Tata Power DDL successfully met the demand. BSES Discoms—BRPL and BYPL—meeting loads of 3,762 MW and 1,838 MW, respectively. Tata Power-DDL also met the demand of 2,331 MW across its network.

Published on May 21, 2026