Central Water commission is monitoring storage position of 84 important reservoirs spread all over the country, of which as many as 37 reservoirs are having significant hydro-power benefits with installed capacities of more than 60 MW each. The combined live storage in these 84 reservoirs at the beginning of monsoon i.e. 1.6.2012 was 19% of their designed capacity and stood at 67 % of designed capacity as on 29.11. 2012. The present storage is 92% of last year's storage and 107 % of last 10 years average storage during the same period. Out of these 84 reservoirs, there are presently 53 reservoirs where this year's storage is 80% or less of the average of previous 10 years and in remaining 54 reservoirs the storage is more than 80% of the average of previous 10 years. In order to derive the best possible benefits from the available water, Central Water Commission is keeping in touch with the Department of Agriculture and Co-operation and providing information of the weekly storage position to the Crop Weather Watch Group for evolving suitable crop strategies and also appraising the situation to various Departments and Ministries involved in Water Resources Planning.
The storage position in Ganga, Narmada, Tapi, Mahi, Indus Sabarmati and Mahanadi & Neighbouring EFRs basins is better than average of previous 10 years. Godavari and West Flowing Rivers of South basins are close to normal whereas Rivers of Kutch, Krishna and Cauvery & Neighbouring EFRS basins are deficient. Out of 37 reservoirs with significant hydro potential, 14 reservoirs have storage build up less than or equal to the average of last 10 years.
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.