Rural Electrification Corporation (REC) OFS Gets Fully Subscribed



Rural Electrification Corporation (REC) OFS Gets Fully Subscribed; Total Subscription Amounts to Rs. 7621 Crore; Highlight of the Issue Was the Overwhelming Retail Investors’ Participation,

A Record 902% Oversubscription Amounting to Rs 2887 Crore; FII Participation Stood at Impressive Rs 1692 Crore or 20.71% of the Subscribed Amount


The First CPSE disinvestment for the fiscal year 2015-16 got off to a thumping start today with the Rural Electrification Corporation (REC) OFS getting fully subscribed within one and a half hour of opening.

On offer was 5% paid-up capital of the company comprising 4, 93, 72,950 shares, each of Face Value of Rs 10. Out of the shares offered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than Rs 2.00 lakh. In addition, a 5% discount was also offered to retail investors on price bid.

With this disinvestment, the Governemnt of India share in REC will come down to 60.64%.

At the end of the day with total subscription of Rs 7621 crore, the issue stood oversubscribed by 553%, the highest ever for an OFS.

The investor enthusiasm for the issue is borne out by the fact that the indicative price for retail was Rs 325.10 and for institutions Rs 324.73 both above the previous day (7/4/2015) closing price of Rs 321.65 and floor price of Rs 315. Seldom, if ever, has such an upward spiral been registered by an OFS.

The highlight of the issue has been the overwhelming retail investor participation, a record 902% oversubscription amounting to Rs 2887 crore . If we add retail bids through Mutual Funds then with Rs 528 crores, the total amount subscribed by retail investors adds up to Rs 3415. Significantly against a discount of 5.3% to the last traded price for the previous REC transaction in the 2010 FPO, the discount this time was only 2.1%

The OFS has been equally strongly endorsed by the institutional investors. At Rs. 4734 crore, it was oversubscribed by 466%, once again the highest ever for an OFS.

The FIIs participation stood at impressive Rs 1692 crore or 20.71% of the subscribed amount.

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Anant Geete Launch’s the Scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India – Fame India

Say , It is a Dire Necessity to Find Alternate Sources of Energy for Transport Which are Eco-Friendly Yet Cost-Effective

Union Minister of Heavy Industries and Public Enterprises Shri Anant Geete today launched a scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India, better known as FAME India at  an event held at the India Habitat Centre here in New Delhi for the stakeholders and the general public at large. The event was organized by The Department of Heavy Industry (DHI) of the Government of India, in association with the Society of Indian Automobile Manufacturers (SIAM). On this occasion Shri G.M.Siddheswara, Minister of State, Heavy Industries and Public Enterprises, Shri Rajan Katoch and Additional Secretary Heavy Industry, Shri Ambuj Sharma were also present.

Speaking on the occasion Shri Geete said in 2011, Union Cabinet approved the setting up of a National Mission on Electric Mobility (NMEM) under which two apex bodies were set up –  National Council on Electric Mobility (NCEM) at the Ministerial level and the other – National Board on Electric Mobility (NBEM) at the Secretary level to formulate the road map for a new paradigm in road transportation centering around hybrid and electric vehicles.  The Minister said  Apart from the detailed field level study, including consumer survey conducted by a reputed global knowledge partner (M/s Booz & Co.)  a number of meetings of NCEM and NBEM were held over the next 1 ½ years.   Accordingly, Electric mobility was included as a prominent theme for DHI in the the 12th Plan Five Year Plan document under the caption “A Hiving competence in manufacturing of fuel efficient cars and electric vehicles including hybrid segment”.   The 12th Five Year Plan also approved an outlay of ` 795 crore for the same.

 Based on the road map prepared by the DHI, a National Electric Mobility Plan (NEMMP-2020) was released in January 2013 by the then Prime Minister.   NEMMP 2020, drawing on various inputs received from all concerned stake holders including different Ministries, Planning Commission, Industry and Academia, laid down a aspirational target of 6-7 million hybrid and electric vehicles per year by 2020 provided commensurate incentives were extended by the Government for demand and supply creation, technology and R&D projects, creation of public charging infrastructure and pilot projects.  The industry on its part is also expected to make substantial investments based on this long term vision plan.

Shri Geete detailed Salient Features of FAME India scheme which are as under:

1.    Based on the NEMMP 2020 road map, a detailed scheme titled “FAME India” (Faster Adoption and Manufacture of Electric Vehicles in India) was drawn up by DHI and submitted for the approval of the Government.   Based on the Ministry of Finance’s approval, FAME India scheme with an outlay of ` 795 crore under Plan Head has been launched for the initial two years – Phase I (2015-17).
 

He said The break-up details of the two year allocation of Rs. 795 core is as follows:
(Amount in Rupees)



Under the Budget 2015-16, an initial amount of ` 75 crore has been approved.  It is expected that based on the successful implementation of the scheme and utilization of funds so far ear-marked, further funds would be released for the purpose, the minister added.

On coverage the minister said this scheme would be covered throughout the country with the following four areas:
a.       Cities under “Smart Cities” initiatives.
b.      Major metro agglomerations – Delhi NCR, Greater Mumbai, Kolkatta, Chennai, Bengaluri, Hyderabad, Ahmedabad.
c.       All State and other Urban Agglomerations/Cities with 1 million+population (as per 2011 census)
d.      Cities of the North Eastern States
2.    It will cover all vehicle segments i.e. two, three and four wheelers, cars, LCVs, Buses etc and all forms of hybrid (Mild/Strong/Plug-in) and pure electric vehicles.
3.            The demand incentive will be availed by buyers upfront at the point of purchase and the same shall be got reimbursed by the manufacturers from DHI,  on a monthly basis. The broad range of demand incentive available for different categories of vehicles is as follows:

(Incentive in Rupees)



On Technology Platform the Minister said  one of the prime focus area under the scheme is to develop indigenous technology and R&D capability to develop and manufacture the entire range of electric components and sub-systems necessary for hybrid and electric vehicles.

He said the Technology Advisory Group on Electric Mobility (TAG-EM) under the Co-chairmanship of Shri Ambuj Sharma, Additional Secretary, DHI and Prof. Jhunjhunwala of IIT Madras with senior members from the DST, Industry and Academia has been set up which is steering various initiatives in this field.

The minister said Four Sub-Groups have been set up on vehicle system integration, motors and controllers and power electronics; batteries and battery management system and charging infrastructure.  In each of these areas centres of excellence (COE) are being set up to provide the required thrust and short-term, outcome oriented results.

He said a number of R&D projects have already been initiated by DHI, for example - development of off-line and real-time simulators for Xevs systems, design development for light weight vehicles, technology for solid state lithium ion battery and COE for motors etc.

He also informed that an amount of ` 30 crore is being released for the creation of necessary testing and homologation facilities at ARAI, Pune for testing these new generation EV, within the country.

On  Pilot Projects the minister said  in order to test and demonstrate the technical capability of hybrid and electric vehicles as well as market dynamics in real-time situation, a number of pilot projects are being launched in the coming months across India, jointly with the State Governments and Industry etc.  DHI shall provide viability of funding, installation of charging points etc., for the successful implementation of such pilot projects

4.    A few examples of pilot projects under consideration are :
·  Running pure electric vehicles (7 seater) in the last 2 Kms at Taj Mahal (Agra)
·  Pure Electric 2 wheeler vehicles for home delivery (Dominos, KFCs etc)
·  Pure electric 3 wheelers/small 4 wheelers for fruit and vegetable distribution and garbage disposal etc.
·  Electric cars for taxi fleets, corporate hire and rental scheme use etc.
·  Last mile connectivity from metro stations.
·  Hybrid and electric buses for public transport and creation of clean air islands for selected areas

On Public Charging Infra-structure the minister said to address issues of range anxiety amongst users of pure electric vehicles,  a mix of slow and faster charging facilities needs to be created in different cities across India, on a scientific basis, taking into account population density of such vehicles and the local transportation pattern etc.

Also ,India specific standards for both AC and DC chargers – slow and fast chargers are under formulation and will be finalized shortly. And, efforts are also being made to spur indigenous manufacturing of low cost, high quality chargers.

On   rationale for NEMMP 2020 |Shri Geete said estimated cumulative Fuel Savings by 2020 is – 9500 Million litres (equivalent).  Savings of ` 62000 crore @ 64.95/litre petrol)
·         There will also be reduction of pollution & greenhouse gas emissions (- 2 million tonnes)
·         Local manufacturing of vehicles will lead to employment generation direct (job creation of 60 to 65 thousand + indirect job creation in components like battery, motors, power electronic devices etc. totaling 2.5 to 3 lakhs)

On linkages the minister said  FAME India Scheme has inherent and close Synergy with the following leading industries of Government:
·         “Make in India” Mission
·         National Transport Policy
·         National Action Plan for Climate Change (NAPCC)
o   National Solar Mission (NSM)
o   National Mission for Sustainable Habitat (NMSH)
o   National Mission for Enhanced Energy Efficiency (NMEEE)

The minister also informed that   First National Workshop on FAME India Scheme and Electric Mobility was conducted by DHI on today morning at the India Habitat Centre, New Delhi which was attended by senior officers of the Central Ministries/Departments, State Government/UT Administration apart from industry and academia.   Details of the scheme were apprised to all the stake holders.    Further, role of the State Governments particularly in the roll out of pilot projects and charging infrastructure was reiterated.  The industry representatives on their part, informed about their products and initiatives taken to upgrade technology in the future.

Shri Geete reiterated that  “Keeping in view the limited domestic reserves of the conventional fuels and the rising demand in the automobile sector, it is a dire necessity to find alternate sources of energy for transport which are eco-friendly yet cost-effective. In the present circumstances, the Faster Adoption and Manufacturing of (hybrid &) Electric vehicles Scheme is a necessity. We hope that the scheme shall be a success and benefits the citizens of our country and meet the objectives which are set out in the Mission. Today, the first national workshop organized by our Ministry also saw various stakeholders including our partners from the State Govts participating with full fervor; we are hopeful that as one of important stakeholders we will have their active participation in the implementation of the scheme as we go forward. I must say “Team India” will work for this nationally important scheme and make our country proud.

Shri Geete  also called upon both the industry and academia in the country to come forward and develop new and advanced electric and hybrid vehicle models across all segments matching international standards, which are also cost effective.  He said that the involvement of state Govts. and local bodies will be crucial in the successful roll out of pilot projects and public charging infrastructure for which the Central Govt. shall provide adequate funds in the initial years.

He said   Governments around the world are promoting these evolving alternate technology vehicles including countries such as USA, EU (including France, Germany, Norway, Sweden, The Netherlands), Japan and China. Across the globe, the major focus is on market creation through various forms of incentives, particularly demand side incentives.

The Minister also released a CD “Faster Adoption and Manufacturing of Hybrid and Electrical Vehicles”” brought out by the Department of Heavy Industries inaugurated a display of hybrid and electric vehicles in two, three and four wheeler segments being manufactured in India, which are eligible for coverage under the new scheme.


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Centre issues revised norms for disaster relief

The Ministry of Home Affairs has issued orders on revision of the items and norms, in respect of the Centrally notified disasters like floods, cyclones, drought, hailstorm, tsunami, earthquake etc.

The revised orders include various aspects of response and preparedness like ex-gratia to the next of kin of persons who may lose their precious lives, ex-gratia in cases of persons suffering severe disability, gratuitous relief for families whose livelihoods may seriously be affected due to disasters, agricultural input subsidy to farmers, replacement of different categories of animals, procurement of search, rescue, evacuation and communication equipment, etc.

The Government of India has permitted upto 10% of allocation under the State Disaster Relief Fund (SDRF) to be spent on equipment. A maximum of 5% of SDRF allocation can be spent on capacity building. The State Governments can also use upto 10% of their SDRF allocation on 'local disasters', for which the State Executive Committees have to work out the modalities and criteria.

The Government of India has also simplified the procedure for adjustment of available balances under SDRF, while releasing assistance from the National Disaster Relief Fund (NDRF) in case of severe disasters. The Government has also enabled automatic annual updation of the norms by referencing with the movement of wholesale price index.

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National Foundation for Communal Harmony organizes Book release of Suleiman Charitra of Kalyana Malla

The National Commissioner for Linguistic Minorities, Prof. Akhtarul Wasey will release the book ‘Suleiman Charitra of Kalyana Malla’ translated from Sanskrit to English by former diplomat, Amb. A.N.D. Haksar, here tomorrow. The function is organized by the National Foundation for Communal Harmony in collaboration with the India International Centre.

Kalyana Malla was an esteemed poet at the court of Lodhi prince Lad Khan in eastern Uttar Pradesh at the beginning of 16th Century. He is known to have composed two still extant works for his princely patron. One of these was Ananga Ranga, and the other a story collection Suleiman Charitra drawn from Islamic and Biblical stories. This marvelous, first-ever English translation of Suleiman Charitra, a delightful Sanskrit rendering of Hebraic and Arabic tales-elegantly brings together flavours from the east and the west.

The Foundation is organizing this event to promote societal harmony, peaceful co-existence and collaboration among different segments of Indian society.

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Chinese Minister of Justice Calls on Shri D. V. Sadananda Gowda Discussions Held on Legal System in Both the Countries

Mrs. Wu Aiying, Minister of Justice of Peoples’ Republic of China, along with a delegation called on the Union Minister for Law & Justice D. V. Sadananda Gowda in his office in New Delhi today.

Welcoming the visiting Minister, Shri Sadananda Gowda said being neighbours, both the countries need to live in harmony as the problems and culture of both the countries are more or less alike. He gave a detailed account of judicial system in practice in India. He also inquired about the legal practices and judicial working in China.

The Chinese Minister expressed gratitude for warm welcome and gave a distinctive account of judicial practices of their country. She also extended an invitation to Shri D. V. Sadananda Gowda for a visit to China.

The meeting lasted for one hour. Secretary Legal Department, Shri P. K. Malhotra, Secretary Legal Affairs, Dr. Sanjay Singh and Secretary Department of Justice Mrs. Kusumjit Sidhu were also present on the occassion.

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Inauguration of 12th International Joint Organization Data Initiative (JODI)
Shri Saurabh Chandra, Secretary, Ministry of Petroleum and Natural Gas, Govt. of India today inaugurated the 12th International Joint Organization Data Initiative (JODI) Conference. The conference is being held from 8th to 10th April, 2015. It is being attended by officers of International Organizations dealing the energy sector, participants from 25 Countries and Indian participants from across the energy sector.

Secretary, PNG while welcoming the participants, appraised the gathering about the reforms that have taken place in the Indian oil and gas sector in the last few months. He emphasized the need for data collection and collation for working towards energy security. He congratulated JODI on its role in the same.  

In the late 1990s, Energy Ministers identified the lack of transparent and reliable oil statistics as a key contributor to oil price volatility. Producers and consumers alike stepped up efforts to improve the availability and reliability of oil data, and Ministers at the 7thInternational Energy Forum in Riyadh urged a global response to the challenge of greater transparency. Six international organizations -APEC(Asia-Pacific Economic Cooperation), Eurostat(Statistical Office of the European Communities), GECF (Gas Exporting Countries Forum), IEA (International Energy Agency), OLADE (Latin American Energy Organization), OPEC(Organization of the Petroleum Exporting Countries) &UNSD (United Nations Statistics Division) combined their efforts, involved their Member Countries and in April 2001 launched the Joint Oil Data Exercise. The primary goal was to raise awareness among oil market players about the need for more transparency in oil market data. The first priority of the six organizations was to assess the oil data situation in their respective member countries. Today there are over 70 participating countries in JODI, representing 90% of global oil supply and demand 

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Official Visit of Petroleum Minister to Mozambique 

The Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan is on a 3-day official visit to Mozambique. During the visit he will have bilateral meetings with his counterpart and other leaders. He will also interact with the captains of oil and gas industry and associated sectors of Mozambique.

Mozambique is a resource rich friendly country in Eastern Africa with which India enjoys warm political and robust economic and trade relationship. Indian public and private sector companies are present in that country in various sectors including in oil & gas, automobile, port and other infrastructure building. Public sector oil & gas companies have made substantial investment in Mozambique.

A business delegation led by CII will be accompanying the Minister during the visit and will have interactions with the government and industry of Mozambique to explore ways to strengthen business to business ties. 

During the visit Shri Pradhan will , among other things, discuss ways to expand and strengthen energy cooperation between the two countries. 

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Power Minister Inaugurates Gridtech 2015 

Leading Companies Showcase New Technologies in the Domain of Transmission, Distribution, Smart Grid & Renewable Energy Integration 

Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy today inaugurated 5th International Exhibition and Conference GRIDTECH here today. The exhibition is being organized by Power Grid Corporation of India Ltd. (POWERGRID) with the support of the Power Ministry. The exhibition has brought together various international and national manufacturers, planners, policy makers, investors, consultants, research institutions etc., becoming the largest integrated platform where superior technologies and creative expertise in the transmission and distribution domain were displayed. 

Speaking on the occasion, Sh. Goyal said, “The Prime Minister’s vision for 24/7 quality power for all depends on the transmission and distribution sector to reach the bottom of the pyramid. With the new technologies we are bringing in, we will now create an ambitious grid programme which will meet the country’s demand.” 

Shri Devendra Chaudhury, Special Secretary, Ministry of Power said, “The entire power sector is gearing up to meet the Government’s vision of power for all. We need to create an access platform which will help us provide electricity to the entire population.” 

Speaking on this occasion Shri. R N Nayak, Chairman & Managing Director, Power Grid Corporation of India said, “The government’s ambitious plan to provide 24x7 power to all in the country by 2019 will require the deployment of latest technologies in the field of transmission, distribution, intelligent devices, information and communication technology. Against this background, Gridtech 2015 is the foremost platform where all leading stakeholders reiterate their commitment to bring about a transformative change in the sector thereby ensuring quality as well as affordability of power for all citizens.” 

India’s transmission and distribution network is one of the largest and complicated in the world. Gridtech 2015, in turn, has become the stage which saw, like always, leading minds and enterprises coming together in their endeavour to make India’s network system the most efficient one which will help shape the Government’s dream of ‘power to all’. 

The day saw various panel discussions with leading industry experts exchanging views and sharing trenchant insights on relevant topics like integration of renewable energy sources, role of smart grids and energy efficiency measures. 

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India and USA Sign Memorandum of Cooperation 

A Memorandum of Cooperation for India – US transportation was signed by Shri Nitin Gadkari, Minister of Road Transport & Highways and Shipping and Mr. Anthony Foxx, US Secretary of Transportation here today. Shri Gadkari acknowledged the memorandum as a new chapter in Indo-US cooperation. He said that this initiative would enable India to make use of world’s latest technology available with the USA for projects like developments of waterways and multi-modal hub. 

The Memorandum aims to foster cooperative work on key issues of mutual interest for all modes of transportation, coordinating public and private sector resources and expertise to advance safe, secure, efficient and integrated transportation systems. It would cover areas like highway transportation, urban transportation, safety and environmental protections, vehicle and behavioral safety, fuel efficiency, rail transportation, maritime shipping and intermodal transportation. 

Mr. Anthony Foxx led a delegation of high level US officials to exchange views on enhancing cooperation in the transportation sector between the two countries. 

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Coastal Cargo Movement of Raw Cotton to Increase by 266 per cent 

The coastal cargo movement of raw cotton from Gujarat to Tamil Nadu in containers is expected to increase by 266 % in 2014-15. It would increase from 1200 containers in 2013-14 to 4400 containers in 2014-15. Earlier, the Ministry of Shipping facilitated the meeting of stakeholders, South Indian Mills Association (SIMA) and the Indian National Shipowners Association (INSA) which resulted in INSA offering freight rates which would reduce the cost of transportation up to 30%. The INSA members would also receive additional cargo support in coastal shipping. 

SIMA had requested Ministry of Shipping that foreign flag vessels should be allowed to transport raw cotton from the west coast of India to the southern coast as it was hoped that they would charge lower freight rates compared to Indian shipping lines. It is estimated that around one million tonnes of cotton moving from Gujarat/ Maharashtra to mills in Tamil Nadu would be carried by road. Director General (Shipping) had held consultations with SIMA and INSA with a view to increase transportation of raw cotton by coastal shipping. The Indian flag vessels owners had conveyed that they could make approximately 7,500 Forty Feet containers (TEUs) available per month, which was sufficient to carry raw cotton. 

The foreign shipping lines did not show much enthusiasm in quoting freight. Subsequently some companies did quote rates, but these were higher than that of Indian companies. Subsequently, INSA offered attractive freight rates and assured adequate deployment of vessels to cater to the demands of SIMA as cotton shifted from road to coastal shipping. 

This modal shift is beneficial to both SIMA and INSA. Textile industry will benefit from lower transport costs and Indian shipping industry will benefit from greater business opportunities, while the country will benefit by way of reduced fuel consumption and green economy. 

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Union Ministry of Tourism holds consultations with States and UTs for formulating the New Tourism Policy 

New Tourism Policy should contribute to economic growth, employment and women empowerment: Dr Mahesh Sharma 

The Union Ministry of Tourism held a meeting for formulating the New National Tourism Policy, 2015 with the representatives of Tourism departments of State Governments and Union Territories as a part of the consultation process with the stakeholders in New Delhi today. Addressing the representatives, the Minister of State for Culture (Independent Charge), Tourism (Independent Charge) and Civil Aviation, Dr. Mahesh Sharma said that the New Tourism Policy should become the instrument for substantially increasing India’s share in global tourism beyond the current share of 0.64 percent. The new Tourism Policy should help to boost the growth of Tourism so that its contribution to the GDP of the economy also goes up from the present 6.8 percent, he added. 

Dr Mahesh Sharma said that the tourism potential of the country is yet unexploited and we must promote the rich cultural heritage of the country through the medium of tourism. The Minister explained that the Hon’ble Prime Minister, Shri Narendra Modi has been promoting Brand India at all platforms of the world and it is due to his efforts that the practice of Yoga got recognition throughout the world. We should take up such similar initiatives, he added. 

The Tourism policy should be framed with the participation of all stake holders to ensure everyone delivers with responsibility, the Minister said. The Tourism Policy should contribute to economy, promote cultural heritage, generate employment, should be pro-poor and also include women empowerment, the Minister explained. 

The representatives of State and UTs also put forward their suggestions and expressed their concerns related to their regions. 

They demanded tax incentives across the tourism related products and services, connectivity for remote areas, single window clearance and equitable treatment for the less developed regions of India. 

A demand was also raised for National Calendar of festivals throughout India and a request was made to the Ministry of Tourism to promote the local traditions of particular regions. Other issues related to tourist policies, preservation of water bodies and skill development were also discussed during the meeting. 

The representatives of North-Eastern states stressed the need for connectivity, mobile network connectivity, roadside amenities, lifting of travel restrictions for foreigners , skill development among others. 

Secretary Tourism, Dr. Lalit Panwar, Joint Secretary Tourism, Mr. Suman Billa, Joint Secretary, Tourism, Ms. Usha Sharma and other senior officials were also present in the meeting. 

This is the second major meeting which follows the previous meeting with tour operators and travel agencies among others held last month. 


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Viewers Gallery at Attari Joint Check Post set for a major facelift 

Seating capacity to be increased from 5,000 to 13,525 ; several amenities to be provided 

CPWD begins work on building new Gallery and amenities 

The seating capacity of the Viewers’ Gallery at the famous Joint Check Post at Attari in Punjab will be increased from the present 5,000 to 13,525. Central Public Works Department of the Ministry of Urban Development has started the work in this regard last week. Foundation Stone for the new Viewers’ Gallery was laid by Home Minister Shri Rajnath Singh in the presence of Chief Minister of Punjab Shri Parkash Singh Badal on March 22, 2015. 

CPWD has commenced the work for the first Phase sanctioned at a cost of Rs.24 cr. In the first phase new Gallery, Museum, Exhibition space cum Souvenir shop, 20 bedded M.I Room Lounge, 31 Seater Conference Hall, Dining Hall with kitchen, 11 rooms and a barrack for guards will be constructed. Parking for 85 vehicles near the Viewers’ Gallery will also be provided. 

In the second phase, Cafeteria, Musical fountain, Statue area, covered waiting area for visitors, toilet blocks, visitors parking and landscaping besides four lifts in the Gallery will be built. 

CPWD which was entrusted the work has done the architectural design in-house for the project which is to be completed by December, 2016. 

Giving the proposed facelift for the Joint Check Post at Attari which is frequented by thousands of tourists every day is a challenging task for CPWD as the new Gallery is to be built by demolishing the existing Gallery and without hindering the retreat ceremony at sunset every day. The work will be taken in blocks so that sufficient space is still available for the visitors during all stages of construction. 

The existing Viewers’ Gallery was also built by the Central Public Works Department. 


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Damage to the Gate in the Bay No.49 of Farakka Barrage 

The Gate in the bay no. 49 of main Farakka Barrage in Farakka (West Bengal) was damaged on March 15, 2015. This gate was due for replacement under the ongoing work of replacement of 33 gates of main Farakka Barrage. However, in the meantime, this gate got suddenly washed out before its replacement. 

Farakka Barrage Project has taken up the work of installation of new gate in place of damaged gate on war footing by working round the clock and deploying required men/machineries to commission the new gate within two weeks time. The replacement gate for this purpose is already available at site (Farakka). 

In the meantime flow in the Farakka Feeder Canal and main Ganga river is being released from Farakka Barrage as per India-Bangladesh treaty 1996, safeguarding the interests of all the stake holders. Further, due to aforesaid damage to the gate of Farakka Barrage, there is no danger of flood in the area. 


Rural Electrification Corporation (REC) OFS Gets Fully Subscribed Rural Electrification Corporation (REC) OFS Gets Fully Subscribed Reviewed by Ajit Kumar on 6:07 PM Rating: 5

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