Xflot
Welspun Corp wins ₹5,500 crore US order for a gas pipeline feeding a hyperscale data-centre complexGujarat imposes weekly eight-hour power cuts on industry after record demandSimplified GST registration for sellers who trade only through e-commerce platforms goes live on 1 NovemberBrent climbs to about $113.90 and WTI passes $100 as US-Iran tensions riseHDFC Bank Q2 profit up 4.7% to Rs 19,510 crore as treasury gains fall 67%Brent holds above $105 as Hormuz attacks cut Gulf oil flows to 68% of normalJio Platforms sets Rs 1,065-1,119 band for India's largest IPO, opening 21 OctoberCabinet clears sale of 60.72% of IDBI Bank to Fairfax-backed buyer for Rs 52,878 croreSupreme Court upholds quashing of YES Bank's Rs 8,415 crore AT1 bond write-offHCLTech Q2 profit rises 21% to Rs 5,132 crore; new bookings reach $3.26 billion
Nifty 50 22,544.2 −0.63%Nifty Bank 54,278.1 −1.18%Nifty Midcap 150 20,521.5 −2.41%Nifty Smallcap 250 16,385.8 −2.79%Nifty IT 32,080.65 0.00%India VIX 16.78 +6.43%NSE indices →

Business news · Economy · 23 Oct 2026

Gujarat imposes weekly eight-hour power cuts on industry after record demand

IN Textiles Capital Goods Power

What happened

The Gujarat government has notified a weekly eight-hour power cut for industries, reported as running from 4 PM to 11 PM, after state demand hit a record 29,822 MW on 16 October. Units in Rajkot, Ahmedabad and Sanand are affected; Rajkot's engineering units chose Wednesday as their off day. The state is arranging extra coal and central-grid power and looking at restarting idle plants.

Why it matters for listed companies

Gujarat is a large base for textiles, engineering, chemicals and auto components, so a lost shift each week cuts output for factories without their own generation, during the festive-season order rush. Some manufacturers with captive plants had already moved to the grid after coal and gas costs rose. Utilities and power traders face more demand than they can meet; coal and power-equipment suppliers are named in the state's response.

Reported by Free Press Journal ↗ on 23 Oct 2026.

How these sectors have moved since

No trading session has closed since this was reported yet — the table appears after the next close.

These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

More on Textiles

All business stories · Every market · What changed today

Free · one email a day

Market briefs, by country

Pick the markets you follow. Each morning: what changed, in figures — never a tip.

Markets

Free. We email a link to confirm — nothing is sent until you click it. Every brief has a one-click unsubscribe that deletes your record. Data, not advice: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. GMP is unofficial. Privacy. Sent daily at 08:15 India time.