Dec 30, 2012

A Guest Lecture on Operations and Functioning of Power Exchanges in India

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

Dec 18, 2012

An Interaction with Ms. Ministhy Nair - DM, Barabanki

Inspirational is the word for Ms. Ministhy Nair & her interaction with the students at IME, IIT Kanpur. Ms. Nair is presently the District Magistrate of Barabanki District, UP. An engineering graduate who pursued her management education from XLRI Jamshedpur and finally made her way into the glorious Civil Services!
Ms. Nair’s main objective for this meet was to communicate and stress the significance of applying technical and management skills in public administration. Examples can be in administrative and policy making decisions, managing calamities like floods and famines, managing finances , optimizing utilization of resources, waste management etc.
Adhaar card, for one, is how technology would help in better administration. Civil services present a platform, a powerful one at that, for the youth to address these issues directly. There are several spheres where one can work upon, for example: Literacy programs, waste management in rural/urban areas, women empowerment and health missions etc. She further addressed us on how, many a time the middle men become a bane for the craftsmen, embroiderers & farmers especially in the rural areas. Lack of proper knowledge and exposure to the right markets, often leads them into selling their products to the middle men who end up making huge profits for no absolute contribution to the product quality. A properly oriented awareness program to introduce these people to right market and the price for the goods would increase their income substantially. Increase in income of these people would improve their health conditions, and also due to increased income more kids would be able to attend school and better living conditions would prevail. In light of all these issues, and limited resources available, it’s a great platform for techno-managers to apply their knowledge in solving the problems concerning the developing India.
These are just instances of how and where the youth can contribute. Civil service does succeed in giving an inherently strong position to contribute to the society but in the end, the passion to make a difference and your determination to bring the change about is all that matters. She then went on to describe a typical working day in life of a DM; how  it isn’t out of ordinary to get a call for duty at 2 in the night; the festive season is the time they stay the most vigil for security reasons and how contingencies often spoil an otherwise perfect holiday! It is vital and often challenging, to maintain the balance between various driving forces and hindrances.
A truly inspirational speaker, whose enthusiasm for her job left all of us motivated. She later addressed various questions asked by the students and the end of session was marked by a vote of thanks extended by Dr. Deepu Phillip on behalf of the department and the students. 

Akansha Yadav
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Dec 8, 2012

Guest lecture by CEO, ITC Ltd. on FMCG sector

On 11th of November 2012, we had the gracious presence of Mr. Sanjiv Puri, CEO, India Tobacco Division, ITC Ltd and it was a great learning experience for all of us to hear him on the latest trends and innovations in the FMCG sector. Mr. Sanjiv Puri joined ITC in 1986. Till 2000, he handled a wide range of responsibilities in eCommerce, Operations and Manufacturing in the Tobacco Division. He also led ITC Infotech Ltd, a wholly owned subsidiary of ITC, as Managing Director from May 2006 to August 2009. He was also the Managing Director of Surya Nepal Pvt Ltd, a subsidiary company of ITC in Nepal. He was responsible for diversifying the operations of the company into branded apparels, making Surya Nepal one of the largest private sector companies in Nepal.

Mr. Puri threw some light on the latest developments in ITC focused on triple bottom-line principle of ITC which aims at economical, ecological and environmental development of the company. ITC has contributed to the agricultural sector with its innovation called ITC e-Chaupal which is also a channel for strategic sourcing. e-Chaupal is a part of Agri Business. He also highlighted the remarkable case study of Aashirvaad atta. Aashirvaad became a market leader in branded packaged atta in India with its strategic sourcing through e-Chaupal. Also many marginalized farmers have benefited from the pulp plantation on their wasteland with the help of hybrid plants developed in ITC’s R&D department. With its control at very lower level of supply chain, it has successfully launched new products like biscuits, noodles, confectionary etc. Thus ITC contributes to society and business simultaneously with its unique initiatives. And with the synergy of all its businesses it is achieving success. Overall it was an excellent great learning experience for all of us. Looking forward for more such enlightening opportunities in future!

Abhishek Pradhan
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur