Need To Know | Nilekani report on ways to revive power sector

Need To Know | Nilekani report on ways to revive power sector

Bangalore: Advanced metering, automation to measure and control flow of power, and moving to a smart grid—an electricity transmission network that uses two-way communication and modern computing — are some of the technological innovations suggested by a new report ‘Technology: Enabling the Transformation of Power Distribution in India’ to revive the ailing power sector.

The Centre for Study of Science, Technology and Policy, Bangalore and Infosys Technologies Ltd prepared the report under the chairmanship of Nandan Nilekani, co-chairman of Infosys following a request from the ministry of power. It provides a technology trajectory for reforming the power sector to improve efficiency and cut down on transmission and distribution losses.

Power generation will need to grow 4–5 times from the current capacity to keep up with the desired economic growth.

The report observes that India’s power sector, in particular the distribution sector, must undergo a fundamental transformation to serve India’s economic growth and societal needs.

— Poornima Mohandas


Jindal Steel Q2 profit surges 62% to Rs450 cr

Mumbai:Jindal Steel and Power Ltd said profit jumped 62% in the second quarter on increased sales. Net income rose to Rs450 crore in the three months ended 30 September, from Rs277 crore a year ago, the company said in a statement on Thursday. Revenue rose 76% to Rs2,231 crore.

— Bloomberg


DCM Shriram reports Rs7 cr net profit in Q2

Mumbai: DCM Shriram Consolidated Ltd announced a net profit of Rs7.12 crore for the quarter ended 30 September against a net loss of Rs19.16 crore in the corresponding period last year.

However, when adjusted for exceptional items, which was the sale of SBM Land Development Project in West Delhi for Rs780.09 crore, the second quarter last year showed a net profit of Rs607.05.

Total income for this quarter, after adjusting for other income, rose to Rs965.68 crore from Rs601.43 crore for the year-ago period.

— Staff Writer