Power sector surging ahead
BUSINESS ECONOMICS|April 01 - 30, 2023
The Indian power sector is at a crossroad. It is looking to surge ahead. This can be possible with the right kind of institutional support extended to private players who have brought in a sense of vitality in the power sector. Power, being one of the key inputs to infrastructural development, in integrally linked to the process of nation-building. BE's Saptarshi Deb spoke to Somesh Dasgupta, the Whole-time Director and the Corporate Compliance Responsibility Officer at India Power Corporation Limited, having over three decades of experience in the power and utility sector.
Somesh Dasgupta
Power sector surging ahead

Q. Please take us through your distribution journey.

A. As of today, we have 798 square kms of distribution area in Asansol-Raniganj region and our company has been in operation since 1919. Initially the distribution model was aimed at the coal mines and industries, which later expanded to cater to the needs of the railways and the commercial market and eventually, we also ventured to address the needs of the low tension (LT) domestic segment. According to the 10th Annual Integrated Ratings & Rankings for Indian State & Private DISCOMs done by McKinsey and published by the Ministry of Power, Government of India, we are the best power utility in our state (West Bengal) and the 10th best in India.

Q. Please explain how you have been successful in maintaining one of the lowest T&D losses in the country?

A. This has been a significant achievement. Firstly, I should make it clear that maintaining a 3% T&D loss is extremely difficult and is depended on technical and commercial parameters.

This story is from the April 01 - 30, 2023 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the April 01 - 30, 2023 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS ECONOMICSView All
Morarji Desai: Walking the Yogic Path of Truth and Service
BUSINESS ECONOMICS

Morarji Desai: Walking the Yogic Path of Truth and Service

What is Yoga? In very short, from the basic viewpoint of Patanjali (the proponent of Yoga, a major branch of Indian philosophy and the author of the Yogashastra Yogasutra), Yoga is the process of merging oneself into the One Indivisible Whole through concentration of mind.

time-read
3 mins  |
February 1 - 29, 2024
The automobile industry has rebounded to the levels observed in 2018-19, and the future of electric vehicles (EVS) appears promising
BUSINESS ECONOMICS

The automobile industry has rebounded to the levels observed in 2018-19, and the future of electric vehicles (EVS) appears promising

RC Bhargava, Chairman of Maruti Suzuki Ltd, recently shared insights on the automobile sector, noting that historically, its performance aligned with the country's GDP.

time-read
2 mins  |
February 1 - 29, 2024
Dueling German Luxury: BMW and Mercedes-Benz Vie for Dominance in Indian Market
BUSINESS ECONOMICS

Dueling German Luxury: BMW and Mercedes-Benz Vie for Dominance in Indian Market

BMW and Mercedes-Benz, revered names in the realm of car enthusiasts. While the debate over which stands as the epitome of driving excellence persists, recent sales figures unveil an intriguing narrative, particularly in the dynamic Indian market.

time-read
2 mins  |
February 1 - 29, 2024
INDIAN AUTO INDUSTRY GEARS UP FOR GREEN TRANSITION
BUSINESS ECONOMICS

INDIAN AUTO INDUSTRY GEARS UP FOR GREEN TRANSITION

As  India enters into 2024, the automotive sector stands ready to script a remarkable growth narrative. Backed by a buoyant demand in the passenger vehicle segment despite continuing rises in commodity prices, automobile makers are optimistic to embrace new technologies, especially in the electric mobility space which is expected to witness a number of new launches in both four and two-wheeler segments in the coming year.

time-read
7 mins  |
February 1 - 29, 2024
Is Ayodhya emerging as a global destination brand?
BUSINESS ECONOMICS

Is Ayodhya emerging as a global destination brand?

Traditionally, sacred spaces and modern urban landscapes have been perceived as incompatible, akin to oil and water.

time-read
6 mins  |
February 1 - 29, 2024
Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY
BUSINESS ECONOMICS

Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY

Canara Bank's Net gained by 26.86% YoY in Q3 Cantareata Profit FY24.

time-read
1 min  |
February 1 - 29, 2024
A Tale of Two Economic Crises
BUSINESS ECONOMICS

A Tale of Two Economic Crises

The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide.

time-read
3 mins  |
February 1 - 29, 2024
"Prospects and Challenges: A Comprehensive Review of the Indian Economy"
BUSINESS ECONOMICS

"Prospects and Challenges: A Comprehensive Review of the Indian Economy"

The Ministry of Finance of the Government of India recently released a document titled 'The Indian Economy A Review' on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal.

time-read
2 mins  |
February 1 - 29, 2024
IMF's Advice and RBI's Rebuttal
BUSINESS ECONOMICS

IMF's Advice and RBI's Rebuttal

International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a threeweek visit annually for major economies, which contribute a sizeable proportion of world's GDP, and once in every two years for small economies.

time-read
6 mins  |
February 1 - 29, 2024
Advanced economies losing steam
BUSINESS ECONOMICS

Advanced economies losing steam

globally, advanced economies are facing a significant taking a toll on economic activities worldwide, as noted by the Organization for Economic Cooperation and Development (OECD).

time-read
2 mins  |
February 1 - 29, 2024