logo
Telangana Dy CM Bhatti visits Bengaluru to inspect major underground cabling project

Telangana Dy CM Bhatti visits Bengaluru to inspect major underground cabling project

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka on Tuesday visited Bengaluru for an in-depth review of the city's large-scale underground cabling initiative undertaken by the Bangalore Electricity Supply Company Limited (BESCOM). The visit is part of the state government's ongoing efforts to modernise urban infrastructure and enhance the reliability, safety and aesthetics of power supply systems in rapidly expanding metropolitan areas.
As part of the visit, a high-level review meeting was held with BESCOM officials. Presentations were made by Pankaj Pandey, MD, Karnataka Power Transmission Corporation Limited and Bengaluru Electricity Supply Company, along with his team. They briefed Vikramarka on the overhead (OH) to underground (UG) power conversion Project — considered one of India's most comprehensive urban power infrastructure transformations.
Launched in 2018–19, the project has already converted over 7,400 kilometres of 11kV OH lines and thousands of kilometers of low-tension lines into UG or aerial bunched (AB) cables. A key innovation has been the installation of Optical Fiber Cable (OFC) ducts along UG routes to facilitate future telecom leasing, creating a potential revenue stream.
During the meeting, the deputy CM inquired about the project's design and implementation challenges. He also examined the financial structuring, which includes funding from the Asian Development Bank (ADB), Rural Electrification Corporation (REC), and other public sector banks. BESCOM officials reported that the UG conversion has already led to a reduction in technical losses and electrical accidents by up to 2%.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cabinet nod to clear 2 DAs
Cabinet nod to clear 2 DAs

Hans India

time17 hours ago

  • Hans India

Cabinet nod to clear 2 DAs

Hyderabad: The state Cabinet has on Thursday approved the long-pending demands of the government employees which included the release of two instalments of dearness allowance (DA) this year. It also decided to expedite the construction of rural roads under HAM (hybrid annuity model) and the expansion of the Metro Rail in the greater Hyderabad limits. During the six-hour-long Cabinet meeting, Chief Minister A Revanth Reddy and his Cabinet colleagues discussed extensively the employees' demands and took a slew of decisions. Briefing the media after the meeting, Deputy Chief Minister Mallu Bhatti Vikramarka said the government would release one DA amount immediately to the government staff and another one would be released after six months due to financial constraints. The demand for the creation of a trust to provide medical care to all the employees with equal contribution of insurance amount by the employees and the government was accepted. The Chief Secretary will be the chairman of the healthcare trust. The Cabinet also decided to pay the pending bills, including the benefit to the retired employees. As much as Rs 700 crore will be spent on the release of pending bills every month. Ban on recruitment of retired employees on a contract basis, fast clearance of the compassionate appointments, grading the posts of the Panchayat secretaries, establishment of nursing directorate, Rs 2 lakh retirement benefits to the Anganwadi workers and clearing all pending hired vehicle bills were among other decisions that were taken in the Cabinet meeting. To improve the connectivity for public transportation, Information and Public Relations Minister P Srinivasa Reddy said that the Cabinet approved new metro line corridors mainly- Shamshabad to Future City (39 km), Jubilee Bus Station- Medchal (25 Km) and Jubilee Bus Station to Shamirpet (22 km). The estimated cost of the new metro line networks for 86 km was Rs 19,579 crore and it would be taken up jointly by the state and Union governments, the minister said, adding that the BJP MPs and Union ministers should also pursue the issue with the Centre and get approvals without any delay. The Cabinet ratified the development of R & B roads and Panchayat Raj roads under the HAM model. The R & B will develop a 5,100 km road network and the Panchayat Raj will improve the road network on a 7,900-km stretch. All the proposed road development projects will be completed in two years and the agency, which will take up the roads, will be entrusted with the responsibility of maintenance of the roads for 15 years. The Earth Science University in Kothagudem district would be named after former prime Minister Manmohan Singh, the minister said, adding that the Cabinet decided to pay an insurance amount of Rs 10 lakh to the members of self-help groups in case of deaths.

Bullish on market but near-term consolidation can't be ruled out: Pankaj Pandey
Bullish on market but near-term consolidation can't be ruled out: Pankaj Pandey

Economic Times

time2 days ago

  • Economic Times

Bullish on market but near-term consolidation can't be ruled out: Pankaj Pandey

Pankaj Pandey, Head Research, says market sentiment appears positive. The banking sector may face challenges initially. Recovery is anticipated in the second half. This could lead to depository pricing. Domestic liquidity is strong. Mutual funds hold substantial equity. This cushions the market from significant drops. Near-term consolidation is possible. Overall, the market outlook is favorable. Pandey further says that in auto, Ola's future hinges on its cell technology. M&M excels across segments, while Tata Motors gains favour due to its JLR business valuation. Eicher Motors is favored in the two-wheeler segment, focusing on volume growth. Despite income tax benefits, broad sales increases haven't materialized, necessitating selective positivity in the auto sector. On the two-wheeler side, they like Eicher Motor. ADVERTISEMENT HDB Financial Services is the first subsidiary of HDFC Bank which is going public. Up until now, HDFC Ltd and HDFC Insurance had gone public, AMC went public and those were part of HDFC Limited. Now, HDFC Bank subsidiary is going public. Pankaj Pandey: For us, the HDB Financial IPO does not move much of a needle for HDFC Bank. It might add about 2% to their book and about 4% of the overall price. Beyond that, we do not see much of a scope. In general, banking lacks trigger in the near term because a rate cut is around the corner and obviously, it will pressurise margin for most of the banks and which is why probably some of these banks are sort of yet not performing. Block trades power D-Street's stock trading value to seven-month high Although the PSU banks look slightly better given that their EBR linked portfolio is relatively lesser compared to private banks, in general not negative on banks but near-term triggers for banks to do well are missing. They have already done the heavy lifting up till now. What are you telling your clients now after the recent runup? The sale in May and going away did not work this time. Should one sell and go away in June? Pankaj Pandey: Actually, we have seen a rally of about 15 odd percent from the lows and we have seen a decline of about 3 odd percent. So, from that perspective, markets are pretty strong. Also, while on the earning side, we have seen a cut of about 6 odd percent for FY27, we are still holding on to our target price of Rs 27,000 on the Nifty, largely because we expect a relative positive arbitrage coming from the US-India trade. So, from that perspective, we are still holding to the bullish bias. A lot will depend on how things pan out and the overall sense is that once we are done with that, the second half is where we would expect things to become a lot better. Like I said, first half banking might witness pressure on the NIMs, second half is where we could expect the recovery which is where the depository pricing can happen. So, overall, the sense is that markets are looking good to us. Domestic liquidity also is good for us. Mutual funds are sitting on about Rs 1.50 lakh crore equity which would prevent a downside in the market. From that perspective, we are largely set to do well, but near-term, some consolidation can't be ruled out. ADVERTISEMENT What are you making of Yes Bank? Now, there is board approval for a sizable Rs 7,500-crore fundraise. Pankaj Pandey: We are not tracking Yes Bank so much, but even within the tier II private banks, whether it is IDFC First Bank or some of the other banks, we are still cautious on whoever has got exposure to microfinance. Probably there will be one or two more quarters of pain and that is when we expect things to look up. The block deals are abundant now whether it is promoter based or PE based. Do you think irrespective of the FIIs buying or DIIs consistent SIP flow, the liquidity will get neutralised because of fundraising? Pankaj Pandey: So, yes, it is possible to some extent because when you look at it, even the IPO market is looking set to be revived. Obviously some kind of liquidity will get consumed there and even with block deals, one needs to see specific cases. For example, in the case of ITC, it is very much possible that the weightage for them might go up and this is one of the stocks we continue to like within the FMCG pack, trading at about 22 times on a forward basis. So, it is very case specific, but I really do not see a lot of these block deals being negative. From that perspective, things are looking okay to us. ADVERTISEMENT Again there has been a dismal set of earnings coming in and after the block deal, we are seeing that Hyundai and Kia Motors which have been holding around 2.5% stake have taken a complete exit in this counter. The stock is trading below that 50 odd mark as well. What is your take, any hopes because a lot of retails have participated post the IPO as well. Pankaj Pandey: We do not track Ola, The only hope for Ola would be the technology they carry, especially related to cells. As and when they start putting that into use, probably there might be hope. But within overall auto, one needs to be very selective because when you look at the recent auto numbers, you have only selected a few companies doing better in terms of key beneficiary or key player is M&M which is doing well in most of these segments. We have started to like Tata Motors largely because while global uncertainties are definitely there and are likely to persist for some period of time, valuation-wise we draw a decent amount of comfort because international JLR business is at about two times EV by EBITDA. So, from that perspective, there are some select positives. ADVERTISEMENT Similarly on the two-wheeler side, we are liking Eicher Motors. They would be pushing for volume growth at the expense of margins, but it is a decent premiumisation play. In general, the benefit of higher sales is still not coming in because there was anticipation that post income tax benefits, numbers might start looking up. But that is yet to happen and that is why one needs to be selectively positive in autos. Any upgrades after the earning season? Pankaj Pandey: We have started to like a lot of stocks. For example, VA Tech Wabag looks interesting to us. This is one of the few companies in the water space. ELGi Equipment, again, is one of the few companies we like. We feel that with their product launches, domestically they will be able to overcome the Chinese competition. In addition to that, some of the cement companies like JK Lakshmi look good to us. In the last few years, they have grown at 4%. Now, our sense is that with capacity expansion they could be growing at about 8 odd percent. Lumax Auto is another company which we like. While the stock has run up, post correction, this is one of the few auto ancillary companies which is guiding for a 20% CAGR growth until 2031 and that looks good to us. ADVERTISEMENT HEG is another company which we like because somewhere down the line, a lot of these global companies or peers are witnessing challenges and either someone will go out of the business or the price for graphite electrodes can go up. HEG is relatively a lot better placed. These are some of the ideas we are liking. (You can now subscribe to our ETMarkets WhatsApp channel)

India's first solar-powered, second-life battery integrated EV charging station is in Bengaluru
India's first solar-powered, second-life battery integrated EV charging station is in Bengaluru

Time of India

time2 days ago

  • Time of India

India's first solar-powered, second-life battery integrated EV charging station is in Bengaluru

The country's first solar-powered electric vehicle (EV) charging station integrated with second-life battery storage was launched at the BESCOM EV Hub Charging Station here on Tuesday. The pilot project, Renewable Energy to Electric Vehicle (RE2EV), which marks a major milestone in clean energy and green transport infrastructure , was inaugurated by Karnataka's Energy Minister K J George. George noted that the integration of solar energy with second-life batteries ensures sustainable, grid-independent operation and improved charging access in a high-demand transit zone. According to a press release issued by Delta Electronics India , supplier of the nine DC fast chargers for RE2EV, a 45 kWp rooftop solar photovoltaic (PV) system feeds into a 100 kWh Battery Energy Storage System (BESS) made up of repurposed batteries. These batteries, added the press release, although can no longer be used in vehicles, retain enough capacity to store and discharge energy efficiently. The hub, situated near the airport, is capable of charging up to 23 vehicles simultaneously. The project has been developed under the Green Urban Mobility Innovation Living Lab and supported by GIZ India, BESCOM, and DULT, as part of the SUM-ACA ( Sustainable Urban Mobility - Air Quality, Climate Action, Accessibility) initiative, stated the press release. Karnataka has over 5,880 EV charging stations across the state -- 4,462 of which are in Bengaluru Urban district -- and 140 new chargers added this year alone, added the release. Information on the RE2EV hub, like location, availability, and rates, can be accessed via BESCOM's "EV Mitra" app.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store