Gujarat discoms project low growth in sales in industrial segment

Gujarat’s four state discoms namely, Uttar Gujarat Vij Company Limited (UGVCL), Dakshin Gujarat Vij Company Limited (DGVCL), Paschim Gujarat Vij Company Limited (PGVCL) and Madhya Gujarat Vij Company Limited (MGVCL) have projected a lower growth rate of 5 per cent for electricity sales in the industrial high tension (HT) category for 2021-22. …

For their sales projections, the discoms normally consider the three-year compounded annual growth rate (CAGR). In the case of UGVCL, this three-year CAGR (till 2019-20) is 11.98 per cent. The CAGR for PGVCL, MGVCL and DGVCL are 13.53 per cent, 7.34 per cent and 6.45 per cent, respectively. These discoms have also projected a lower growth rate of 5 per cent in the addition of new consumers in the category. The three-year CAGR of consumer addition for UGVCL, PGVCL, MGVCL and DGVCL are 8.12 per cent, 7.95 per cent, 5.43 per cent and 6.11 per cent, respectively.

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