![]() Financial Daily from THE HINDU group of publications Saturday, Dec 06, 2003 |
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Industry & Economy
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Power Cos may lose Rs 22,000 cr due to power cuts: Survey Our Bureau
New Delhi , Dec. 5 COMPANIES in India could lose over Rs 22,000 crore collectively in 2003 due to downtime caused by poor power quality and power cuts, according to a survey of 302 firms in six cities across the country. This estimated loss, higher than last year's Rs 20,000 crore due to same reasons, is around 2.2 per cent of the output of the industrial and service sectors, the survey conducted by the Manufacturers' Association of Information Technology (MAIT) and Emerson Network Power (India), makers of uninterrupted power supply (UPS) systems said. The survey found that nearly 50 per cent of the companies polled were extremely dependent upon IT and automation and contingency planning is now a part of Indian businesses with over 85 per cent of the companies having a power source other than grid survey. Delhi records the highest level of daily power disruption at 28 per cent of sample base, followed by Bangalore (22 per cent). Firms in Kolkata, Mumbai and Hyderabad experienced fewer power disruptions. In 80 per cent of the cases, power is restored within an hour. Over 85 per cent of the companies in Mumbai and Kolkata feel that authorities are taking the right measures to improve the scenario. Less than 50 per cent in Delhi, Chennai and Bangalore similarly feels the same. The survey also revealed that on an average, 61 per cent of the industry is sceptical about improvements in the power scenario. The major impact of the downtime is loss of work in progress, including employee distraction from scheduled activities and productivity, the survey, carried out by Feedback Consulting last month said.
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