Oct 18, 2012

Mr. Akhilesh Awasthi Director (Operations), India Energy Exchange On the operations and functioning of Power Exchanges in India @IITK

A guest lecture was delivered by Mr. Akhilesh Awasthi, Director (Operations), India Energy Exchange. He 
spoke on the Operations and Functioning of Power Exchanges in India. Mr. Akhilesh Awasthi is an electrical engineer; he worked in the power sector for around 10 years. The guest lecture started with an overview of 
“India Energy Exchange” which is India’s first-ever Power Exchange. It serves as an optional, electronic, 
nationwide platform for trading in electricity.
Mr. Awasthi covered various topics related to Power Exchange portfolio bids, Block Bid rejection & 
re-inclusion process, national load dispatch center and power exchange interaction, how companies buy and sell power on exchange, congestion management, market splitting, UI-unscheduled interchange, NS-REC Trade at IEX. Besides he discussed  that entire country is divided into 12 zones for facilitating power exchange which are N1,N2,N3 in north zone W1,W2, W3 for south zone E1,E2 for east zone ,S1,S2 for south zone and NE1, NE2 for north east zone. He also told the need of power exchange and an Exchange is essential to a market-driven economy where prices are decided by the forces of demand and supply. These forces are contradictory: e.g. the seller wants high prices while the buyer wants low prices. These conflicting forces determine the correct price of a commodity at a given time in a market-driven economy
To sum up the guest lecture was a highly valuable session for all the listeners as the topic was resourceful and interesting with lots of technical contents related to power sector and how the demand in one corner of country get fulfilled with source lying at the other corner. Power exchange keep immense importance for a power starved country like India which needs to match up its power requirement with growing GDP.
Manoj Jhawar
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Oct 15, 2012

HCL Leadership Summit: An Experience Worth Sharing

“When women are the advisor, the Lords of creation don’t take the advice till they have persuaded themselves that it is just what they intended to do; then they act upon it and if it succeeds, they give the weaker vessel half the credit of it; if fails, they generously give herself the whole”
 - Louisa May Alcott

This phrase defines how women have been suppressed since ages and how the cup of failure is always on their side of the table. With this, I would like to emphasize on how imperative it has become to identify, motivate and guide women professionals to succeed in today’s global economy.

Women are a critical aspect of any organization. Today, companies follow diversify & inclusion principle for a gender diverse boardroom. Women now have to break many cultural barriers imposed by the society. Being a woman, it feels glorified to seewomen’stremendousmanagement and entrepreneurialspirit to become an integral part of the great Indian success saga.

“Emerging Women Leader’s Summit” recently organized by HCL technologies is a step to identify and communicate the importance of women leaders in an organization. The occasion was blessed with the presence of global leaders at HCL technologies and I feel honored to be able to become a part of such a wonderful and enriching experience.

Ms. SrimathiShivashankar, an extremely elegant lady heading strategic divisionatHCL, set the ball rolling.She started by emphasizing on the need to move away from clich├ęs and brought on the table the concept of balance leadership. Maintaining equal stands of men and women in senior management positions in the company is what the term highlights. This balance has a direct implication. As more and more women gets included in leadership positions, the lesser the chances of risk gets. According to one of the McKinsey reports, it has been put forth that the teams with good number of women yields much higher productivity with lesser risks than the teams which are devoid of women. The entire scenario of gender neutral workforce revolves around what a person is and not who a person is. i.e irrespective of gender what matters is what qualities a person have, that can add value to the organization, that brings business to the table.

I loved the way she quoted the fact that Indian women need not reinvent, she just needs to pick a leaf up from her grandma’s book and there she is with all the answers, with all the remedies.

Women just need to rediscover herself. Many women fear leadership positions because they don’t find themselves competent enough to their male counterparts. Leadership doesnot imply that a woman changes herself or moulds herself by aping others. It is something which is an extension of her personalityand comes out very easily when the situation demands. It is just that she needs to realize her potential and be ready to take charge of the situation, when needed.Organizations want a balance between male andfemale employees for the purpose of sound decisions, for higher productivity.A right workforce brings right business for you. Women need to find such organizations which nurtures them and HCL Technologies is one right place for them.

The discussion was taken forward by Mr. PrithviShergill, Chief Human Resource Officer at HCL. He talked about HCL’s policy of “Employees First, Customers Second”. A book has been written on the same by HCL’s CEO Mr. VineetNayar. Mr. Krishna Chatterjee, Head Strategic Marketingalso explained how EFCS is a strategy, culture and a way of life at HCL Technologies.

HCL is a value centric organization and trust, transparency and flexibility are its basic pillars. The book is all about the transformation through a cultural change that came because of transparency. After its inception and implementation in HCL since 2005, the policy resulted in tripling of revenues and profits at HCL.

The four tenants of the book:
  • Mirror Mirror, Confronting the Truth deals with open and honest conversations across the organization to result in satisfied and productive employees.
  • Transparency to build Trust deals with sharing of financial information (good or bad) with all its employees.
  • Inverting the management Pyramid, the sole focus of which is to make the people at the helm accountable to frontline employees. An initiative is 360 degree feedback.
  • Recasting the Office of CEO, a value portal system where employees offer suggestions and solutions for change.
CEO, Mr. Nayar himself came to bless the occasion. According to him, the whole idea at HCL is to put the employees first so that the customer never feels second.

By placing the employees first, they are giving them the opportunities and good players wait for one single opportunity. Motivation is within each self. HCL provides you with a platform of opportunities. You have to remain self-motivated to grab the suitable opportunity.

The next focus of the meet was “Gender Intelligence”.  A lady with eternal poise, Ms. RanjiniManian,CEO,Global Adjustments, created an aura in the entire room, when she started mentioning  the growing importance of gender intelligence.

She quoted by saying that, women can be great leaders if they come out of their shells. They have great conviction power which is one of the cornerstones of leadership. Good leaders can bind the people in one vision and you need a great convincing power to do the same. Women have immense potential to be great leaders and they are very good at replicating the exact focus of the business into minds and hearts of the employees.

It is just that women need to recognize their potential. They need to come out of their comfort zones and should carry the transition from No Confidence to Confidence.

It is Ok to be Imperfect. Women are generally risk averse. Life doesn’t end by a wrong decision but women keep many things on stake and hence fear a wrong decision. They should give themselves the permission to be imperfect. And then everything will be fine.

She quoted a commendable example to focus on difference in thought structures, mentality of women in various countries and cultures.A child falls on stairs. A woman from western world will not cuddle her child but she will ask him to be careful next time whereas in the same scenario, an Indian woman will quickly hug her child and will start cursing stairs in front of the child.

Nice example, isn’t it?  And it says it all. We need to change our way of thinking and this transition has already started taking place particularly for women, since a decade or so.

Mr. Ed Cohen, Chief Learning officer then carried forward the discussion focusing on the emerging need of transition to a global mindset. He made us aware about various traits of independent and interdependent societies and centered his discussion on the need of globalization in today’s era.

There were panel discussions regarding the changing trends in IT market space and careers for management students and management of successful careers as women.

Women are excellent networkers, great mediators and are good in building relationships. The time has come that Indian women should rise and claim for their position in the organizations. HCL is one such organization which believes in women and gives them immense opportunities to prove themselves in today’s global scenario.

The day ended by closing remarks by Mr. Naveen Narayanan, Global head-Talent Acquisition.The remarkable insights from all distinguished speakers regarding women empowerment, leadership, and global business scenarios were clearly in line with the management philosophy at HCL Technologies and were truly enlightening.

Monica Agrawal
MBA 2013, IIT Kanpur

Oct 14, 2012

IME Party 2012

Life at IITK can't get better than this. After the high octane freshers night by seniors, now it was our turn to script another memorable night. We, the new entrants of IITK, had to organize a party for entire IITK IME department (MBA, M.Tech, PhD)- students, professors and their family. The celebration was much eagerly awaited and anticipated after the unique experince of fresher's party.

After days of discussions and plannings, the D'day finally came. The theme for the party was traditional. The event started at 8 pm by the welcome ceremony of all the distinguished professors and their families.  The event, which was hosted by Praveen and Nidhi, had a lot of fun moments. Professors were invited to the stage one-by-one and they were given certain fun tasks, which they carried out with lots of enthusiasm. Their performance on the stage showed us a completely different side of our professors! Anoop sir's bhangra dance, Devlina madam's bengali song, Rachrella sir's prank and Kripashankar sir's speech in sankrit were the attarctions,to name a few, that entertained the whole crowd. It was certainly a splendid experience. After the performances, momentos were given by the 1st Year students to all the professors.

Adding to the fun were superb performances of Abhishek Pradhan's mimicry of various personalities, Manoj Jhawar's singing and guitar performances and sensational guitar play by M Tech students. The IME party hosted a great platform for all the final year students, 1st year students and professors to get well-versed with each other and get a feel of IITK life.

And now it was time for the much awaited event of the day- DJ! As always, this time too everyone was sensational on the DJ floor, dancing to the tunes of foot tapping music. The dancing floor saw some of the best dancing skills by students.

This party just marked the beginning of the 2 wonderful years that we are going to spend here! It was one of the best parties that we experienced so far, and credit must be given to Ravi Kiran Bhupati and Ankita Sahare- the organizers of the event- for making this an unforgettable experience.

Sushil Panigrahi/Anshul Dixit
MBA 2012-14

Oct 6, 2012

Seminar on Securing Fuel Supplies for the Power Sector

Guest lectures and seminars by top corporate leaders and high ranking government officials are the integral part of pedagogy of IME, IIT Kanpur. The valuable insight that the invited guest share about their experiences, business issues, challenges faced and subsequent dealing with such challenges provide immense knowledge to the students of management. Continuing with the trend, we had the presence of Mr. I. A. Khan, Adviser (Energy), Planning Commission, Government of India at the IME premises. He put across the issues from the planning perspective on the crucial topic: Securing fuel supplies for the power sector.

Mr. Khan started with pointing out that India as a developing nation requires growing sustain-ably at a rate of 8 %. Given the fact that the country is not abundantly rich in natural energy resources, an integrated energy policy becomes the need of the hour to fulfill our energy requirements. 77% of our Oil and gas requirement are already met through imports which is decreasing our foreign currency reserves. He further briefed about the availability of various energy resources in the country and the issues faced in harnessing these resources. He told that the countries hydro-potential is confined to the north-east states only and there are various geographical, environmental and socio-economical issues present to harness these resources. Also, the Oil and Gas discoveries made by the country are very few and are under producing as per the stated production like the Krishna-Godavari D-6 block developed by Reliance. Country has abundant coal reserves but coal found is of inferior quality and due to improper framework and policy from the govt. side, we are unable to utilize coal completely. On the nuclear energy side, he informed that India has very limited uranium reserve to produce only 10000 MW of power and basically we are dependent on imports. Illustrating the growing energy requirement, he said that the coal demand is estimated to touch 1000 million tonnes (MT) by 2016-17 with estimated domestic supply of 750 MT. The gap in demand and supply is increasing day by day due to various issues present and this demand is fulfilled by imports. With the help of data metrics, Mr. Khan reported that India’s per ca-pita energy consumption is low compared to china, USA and Canada and it is increasing every day. The Electricity generation capacity remains lowest among countries like China, USA and Canada. Presenting the facts, he said that India’s energy shortage is 8.5 % and peak deficit stands at 11.1 % in the year 2011-12.

Mr. Khan further acknowledged the progress made in the area of laying down transmission line’s increasing from 3949 Km (1974-75) to 268693 km ( 2011-12)., the power generation capacity addition of 118536.6 MW under 12th Plan and the decrease in the plant (Coal Based) load factor from 77.3% (2006-07) to 79.3 (2011- 12).  Moving with the issue of securing energy supplies he emphasized the need to focus on larger domestic production, integrated energy policy to exploit the resources available in a sustainable manner and exploring other options like Oil and gas exploration, expansion of developed energy assets and imports to some extent.

At the end students asked questions to clarify their knowledge on various energy issues relating to Coal mining, thorium as sources of energy in future, planning of energy policy and role played by the planning commission. Overall, it was an interactive session with the students. Prof. Anoop Singh and Prof. Devlina Chatterjee from the IME department were present during the seminar and pitched in with their valuable comments adding diversity of thoughts and knowledge. Prof. Anoop Singh, on behalf of entire IME department and students offered thankful gratitude to Mr. khan for taking out time from his busy schedule and providing superior learning session to everyone.

Compiled By:
Anand Prakash Gautam
MBA Ist Year Student
IIT Kanpur