Heatwaves in May see India's power demand at 156 billion units

12 Jun 2024 CW Team

India's power demand surged to an unprecedented 156 billion units (BU) in May 2024, driven by severe heatwaves and robust manufacturing activity, according to a report by CRISIL. This represents a significant year-over-year increase of approximately 15%. The peak electricity demand also set new records, reaching 250 gigawatts (GW) on May 30, fuelled by soaring temperatures that hit 50.5 degrees Celsius in Churu, Rajasthan, on May 29.

The intense heat led to a substantial rise in the use of cooling equipment, contributing to the spike in power consumption. Additionally, strong manufacturing activity bolstered demand, with the Purchasing Managers" Index (PMI) comfortably exceeding the expansionary threshold of 50, recording 58.8 in April and 57.5 in May. This industrial vigor played a crucial role in the increased power demand from commercial and industrial sectors.

Reflecting on these trends, a CRISIL analyst noted, "Power demand is likely to have grown about 13% compared with April-May 2023. Indeed, in May, power demand is estimated to have surged to around 156 billion units, logging a roughly 15% on-year increase."

Real Estate

18 Jun 2025

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..

Resources

18 Jun 2025

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..

Real Estate

18 Jun 2025

TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..