‘The Southern Grid has been recently integrated with the National Grid. A lot of experimenting has been done and currently trials are being carried out and we are also studying on how to make it a stable link,’ PowerGrid Chairman and Managing Director R N Nayak told reporters here.
‘We expect the study to be complete by June-July and the operations to start in full swing thereafter,’ he added. The Raichur-Solapur 765KV single circuit transmission line (between Maharashtra & Karnataka) has been interconnected with the National Grid, thereby achieving the one nation-one grid-one frequency system, he said.
The Central PSU incurred a cost of Rs 815 crore for setting up the system. Currently, the inter-regional transmission capacity between the west and south is 1,500 MW. With the construction of transmission lines between Maharashtra and Karnataka, the capacity is expected to increase to 5,000 MW. The company had posted a net profit of Rs 1,129 crore in the corresponding quarter of the last financial year, Power Grid said in a stock exchange filing.
The state-run firm's total income from operations rose to Rs 3,684.55 crore in the December quarter from Rs 3,368.93 crore in the year-ago period. The company's finance cost, including borrowings, increased to Rs 787.35 crore from Rs 684.82 crore in the corresponding period of last fiscal. Other operating income declined to Rs 1.26 crore from Rs 7.86 crore a year ago. It has spent Rs 1,500 crore from over Rs 5,321 crore it raised through FPO last year for funding 27 projects. ‘We have already spent Rs 1,500 crore and have started work on a few projects. We will spend another Rs 600 crore in the coming weeks,’ Nayak said. The firm will invest Rs 374.63 crore for establishing a Unified Real Time Dynamic State Measurement Project.
SAIL, 37 other captive miners vow 41-mt coal output in FY14
New Delhi: Companies like SAIL, Sasan Power, Jindal Steel and Power Ltd (JSPL) have assured the government that they will produce 41.216 million tonnes (MT) of coal from captive mines in the current fiscal.
The output target from the captive blocks set for FY'14 is 44.5 MT. The assurance from the 38 coal producing allocatees came during the meeting held to review the progress of coal production from captive blocks during 2013-14.
‘The target of 44.58 million tonnes of coal production from captive coal blocks has been set for the year 2013-14,’ according to the minutes of the meeting.
The coal block allocatees also intimated the Coal Ministry during the meeting that they have achieved an output of 24.825 MT up to November 2013. The ministry also requested the coal block allocatees to bring any other issue pertaining to the development of mines to its notice, the minutes said.
The ministry had earlier said that 38 coal blocks of firms like SAIL, Hindalco and Prakash Industries have already begun production.
It had also said that 10 coal blocks allocated to firms like GVK Power, Damodar Valley Corporation, Jaiprakash Associates and Tenughat Vidyut Nigam Ltd were nearing production.
Minister of State for Coal Pratik Prakashbapu Patil had said in a written reply to the Lok Sabha in December that the production achieved from the captive coal blocks up to October was at 21.7 million tonne — 13.6 MT from private companies and 8 MT from government companies. The ministry has so far allocated 195 coal blocks to the public and private mines.
‘We expect the study to be complete by June-July and the operations to start in full swing thereafter,’ he added. The Raichur-Solapur 765KV single circuit transmission line (between Maharashtra & Karnataka) has been interconnected with the National Grid, thereby achieving the one nation-one grid-one frequency system, he said.
The Central PSU incurred a cost of Rs 815 crore for setting up the system. Currently, the inter-regional transmission capacity between the west and south is 1,500 MW. With the construction of transmission lines between Maharashtra and Karnataka, the capacity is expected to increase to 5,000 MW. The company had posted a net profit of Rs 1,129 crore in the corresponding quarter of the last financial year, Power Grid said in a stock exchange filing.
The state-run firm's total income from operations rose to Rs 3,684.55 crore in the December quarter from Rs 3,368.93 crore in the year-ago period. The company's finance cost, including borrowings, increased to Rs 787.35 crore from Rs 684.82 crore in the corresponding period of last fiscal. Other operating income declined to Rs 1.26 crore from Rs 7.86 crore a year ago. It has spent Rs 1,500 crore from over Rs 5,321 crore it raised through FPO last year for funding 27 projects. ‘We have already spent Rs 1,500 crore and have started work on a few projects. We will spend another Rs 600 crore in the coming weeks,’ Nayak said. The firm will invest Rs 374.63 crore for establishing a Unified Real Time Dynamic State Measurement Project.
SAIL, 37 other captive miners vow 41-mt coal output in FY14
New Delhi: Companies like SAIL, Sasan Power, Jindal Steel and Power Ltd (JSPL) have assured the government that they will produce 41.216 million tonnes (MT) of coal from captive mines in the current fiscal.
The output target from the captive blocks set for FY'14 is 44.5 MT. The assurance from the 38 coal producing allocatees came during the meeting held to review the progress of coal production from captive blocks during 2013-14.
‘The target of 44.58 million tonnes of coal production from captive coal blocks has been set for the year 2013-14,’ according to the minutes of the meeting.
The coal block allocatees also intimated the Coal Ministry during the meeting that they have achieved an output of 24.825 MT up to November 2013. The ministry also requested the coal block allocatees to bring any other issue pertaining to the development of mines to its notice, the minutes said.
The ministry had earlier said that 38 coal blocks of firms like SAIL, Hindalco and Prakash Industries have already begun production.
It had also said that 10 coal blocks allocated to firms like GVK Power, Damodar Valley Corporation, Jaiprakash Associates and Tenughat Vidyut Nigam Ltd were nearing production.
Minister of State for Coal Pratik Prakashbapu Patil had said in a written reply to the Lok Sabha in December that the production achieved from the captive coal blocks up to October was at 21.7 million tonne — 13.6 MT from private companies and 8 MT from government companies. The ministry has so far allocated 195 coal blocks to the public and private mines.