Post decent demand growth of 10/9%YoY in 4QFY16/1QFY17, largely supported by favorable base effect and strong heat wave (particularly in April and May), All-India energy demand remained sluggish in 2QFY17 (disappointing 0/-1%YoY growth in Jul/Aug-16). With weak energy demand and increasing capacity, All-India PLF fell to 52% in Aug-16 (lowest level in past 4 years).