Companies & Sectors
Blue Star Q1 net profit soars over two-fold

The AC maker's total revenues increased by 3.9% to Rs731.4 crore during the first quarter

 
New Delhi: Air conditioner maker Blue Star on Tuesday reported an over two-fold increase in its net profit to Rs20.54 crore for the quarter ended June 2012, reports PTI.
 
The company had posted a net profit of Rs9.79 crore in the same period last year, Blue Star said in a filing to the BSE.
 
The net income during the first quarter of this fiscal went up by 3.9% to Rs731.42 crore from Rs704.03 crore in the year-ago period, it added.
 
Shares of Blue Star closed at Rs192, up 3.3% from its previous close at the BSE.
 

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Over 20 states in power crisis as three grids collapse

While the northern grid failed for the second straight day, the eastern and north-eastern grids too collapsed. These three grids carry about 50,000 MW of electricity and has left more than half the country powerless

 
New Delhi: Triggering a major power crisis, three electricity grids connecting more than 20 states and the national capital collapsed on Tuesday, reports PTI.
 
While the northern grid failed for the second straight day, the eastern and north-eastern grids too collapsed. These three grids carry about 50,000 MW of electricity.
 
The collapse has left more than half of the country powerless. Essential services and public transport systems, including Railways and the Delhi Metro were also hit.
 
"Grid incident occurred at 1300 hrs affecting the northern grid, eastern grid and north-eastern grid -- System Under Restoration," National Load Despatch Centre (NLDC), under the Power Ministry, said in an update.
 
About 22 states and union territories have been impacted by the failure of the three grids.
 
The northern grid covers nine regions -- Punjab, Haryana, Rajasthan, Delhi, Uttar Pradesh, Uttarakhand, Himachal Pradesh, J&K and Chandigarh.
 
At least six states are covered by the eastern grid. They are West Bengal, Chattisgarh, Bihar, Jharkhand, Orissa and Sikkim.
 
Meanwhile, the north eastern grid connects Arunachal Pradesh, Nagaland, Assam, Meghalaya, Manipur, Mizoram and Tripura.
 
India has five electricity grids -- Northern, Eastern, North Eastern, Southern and Western. All of them are inter- connected, except the Southern grid.
 
All the grids are being run by the state-owned Power Grid Corporation, which operates more than 95,000 circuit km of transmission lines.
 
One circuit km refers to one kilometre of electrical transmission line.
 

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COMMENTS

Nem Chandra Singhal

4 years ago

The grid failure is nothing new. It happens now and then on smaller scale. It is the failure on the bigger scale only when it comes in highlight. There shall be some system to report every outage including its reasons, persons accountable and remedial actions and that information should be in public domain. As electricity has become the master in today's times, we have to devise some servant' army to control it. Automation is another overlooked area which is neglected presently. Perhaps such large scale outages and our resultant international image will ignite the thoughts of the policy planner & implementators.
Nem Chandra Singhal

A Kumar

4 years ago

Thanks to the Powergrid failure, we are able to witness the dooms day scenario come true. No drill could be closer to reality. As of now , we know that every system is dependent on the Grid be it Railways, Traffic Signals, Hospitals, Metro, Power Supply and everything else. These have no other back up.
It is time to make a disaster recovery plan on how we intend to manage our systems in the future. Our dependence on one system for everything is very dangerous, unsustainable and foolhardy, particularly when the Grid itself depends on actions of people you cannot control.
We always believe( naively) that in all areas ( security, defense, transportation, water) there must be preplanned back up plans and disaster security for major eventualities. However it is evident from every event which occurs now and then that there is absolutely nothing on the ground. People are left to their own, with no information, announcement systems , backups or restoral plans. Major service providers themselves have no clue about what they depend upon and what happens if this goes away.
Hope there will be someone who will at least take things a step further on having some sort of plan for failures such as these ( and not only for the grid- which is just one symptom).

Monsoon deficit likely to impact kharif output, prices: RBI

In terms of the RBI's production weighted index, the monsoon deficiency was 24% and is likely to impact kharif crops, especially coarse cereals and pulses  MDT/PTI

 
Mumbai: Expressing concern over the weakest monsoon since 2009, the Reserve Bank of India on Tuesday said rainfall deficit of 21% is likely to hit production of kharif crops, mainly coarse cereals and pulses, and could put pressure on prices of these commodities, reports PTI.
 
Though monsoon risks to overall economic growth could be limited due to small share of agriculture output in GDP, the impact may be significant because it affects the poor through inflation and income, RBI noted in its 'First Quarter Review of Monetary Policy 2012-13'.
 
"Until 27th July, the monsoon was deficient by 21% compared with the long period average. In terms of the Reserve Bank's production weighted index, the deficiency was 24%. This is likely to impact kharif crops, especially coarse cereals and pulses," RBI said.
 
"The progress of the monsoon so far has been unsatisfactory. Some price pressures could emerge in coarse cereals, pulses and edible oils," it said.
 
Poor monsoon so far has resulted in the slow progress in sowing of kharif crops during June. However, there has been improvement in sowing during July for most crops but area sown under pulses and coarse cereals declined sharply, it added.
 
"The crop situation is likely to worsen further if El Nino conditions emerge during later part of the season," it said.
 
Noting that the impact of the monsoon will emerge more clearly in the coming weeks, RBI said that monsoon rains during this year have been slightly better than they were during the drought year of 2009.
 
It noted that Indian agriculture's dependence on monsoon has come down over the years and in recent episodes of deficient monsoons the output impact has been limited.
 
RBI also held that the current level of foodgrains stock is comfortable should farm output be adversely impacted.
 
Foodgrains output in 2011-12 crop year (July-June) stood at record 257.4 million tonne.
 

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