CM's office gutted in Mantralaya fire, 3 killed, 16 injured

June 21, 2012

killed

Mumbai, June 21: A devastating fire in the Maharashtra government secretariat, including offices of the Chief Minister and the Deputy Chief Minister, today left three persons dead and 16 injured and destroyed large number of files, raising questions on whether any sabotage was the cause.

Fire brigade officials said two bodies were recovered from the sixth floor of the seven-storey 'Mantralaya'. While one body was found in the committee room of the Deputy CM Ajit Pawar's office, another was found in the nearby waiting hall.

The fire, which erupted at around 2.45 pm and was still raging late tonight, is believed to have resulted in the destruction of files in several departments including that of Urban Development which is in the eye of the Adarsh housing scam involving several top politicians, bureaucrats and ex-army officials.

While announcing an inquiry by the Crime Branch into the fire, Chief Minister Prithviraj Chavan said there were backup files on being asked whether important documents had been lost in the fire. He said that 3.18 crore pages from 2.27 lakh files were scanned and thus safe.

CBI also sought to allay apprehensions about files on Adarsh scam being destroyed, saying they have copies of all the relevant documents.

"We had taken all documents required as part of investigations from the state government last year itself soon after registration of the FIR. Even hard drives from the computers in various departments like the Urban Development department were seized by us last year," a senior CBI officer said. Asked by reporters whether it could be an act of sabotage, the Chief Minister said, "We don't want to jump to any conclusion. The Crime Branch will probe the incident."

The BJP wanted the sabotage angle to be probed. "We need the truth to come out and justice to be delivered to those widows of Kargil, for whom that land was allotted," BJP spokesperson Nirmala Sitharaman said.

The fire was first noticed on the fourth floor near the office of Tribal Welfare Minister Babanrao Pachpute, soon spreading over to the upper floors, aided by the sea breeze. The fourth floor also houses the urban development department.

The fire spread to the fifth and sixth floors in the seven-storeyed 'Mantralaya'. Extensive damage was also caused to the offices of CM and his deuputy on the sixth floor.

According to Relief and Rehabilitation Secretary Pravin Pardeshi, 65 people trapped on the fifth and sixth floor were evacuated by the fire-fighters.

Two helicopters of the Indian Navy were pressed into service to evacuate those trapped inside the building but returned without any success as nobody could be found on the terrace of the building in south Mumbai.

Contingents of the anti-terror force--Force One and Quick Response Teams of Mumbai police assisted the fire brigade in trying to bring the blaze under control.

Pardeshi said nearly 3000 government employees and as many visitors were removed safely after the blaze started.

Relief and rehabilitation Minister Patangrao Kadam admitted that the government had never anticipated such a major fire at the seat of Maharashtra administration and added that the damage caused to the building would be assessed soon.

Chavan, Pawar and Home Minister R R Patil supervised the rescue efforts.

Pardeshi said the fire was first noticed in an electrical fuse and soon a general alarm was sounded across Mantralaya asking people to rush out.

By 3 pm everybody, barring the 65 trapped due to "ballooning" of the smoke, had been evacuated, he said.

Those hospitalised included Chief Minister's Public Relations Officer Satish Lalit, PROs in Deputy CM's office Vishal Dhage and Sanjay Deshmukh and state Home Minister's PRO Kishore Gangurde. All of them had inhaled the smoke, he said.

Electric supply to the building was stopped.

"Video recording of the entire buildings will take place. Senior officials, including secretaries, will inspect the damage," the chief minister said.

No official work will be carried out in Mantralaya tomorrow, and all meetings scheduled have been cancelled, he said.

Meanwhile, a Brihanmumbai Municipal Corporation (BMC) official said that fire brigade received the first call informing about the blaze at 2:46 PM, following which 3 fire engines, 2 water tankers, and an ambulance were rushed to the spot.

The injured persons have been admitted to various hospitals, including 11 at JJ and St George, 3 at G T and 2 at Nair hospital.

Some of them have suffered suffocation, while others have sustained minor injuries to hands and legs, J J Hospital dean Dr T P Lahane said.

There were around 2,500 Mantralaya staffers in the building, apart from around 2,000 visitors when the fire broke out, a Mantralaya official said.

The Mantralaya building typically houses around 8,000 employees on a normal working day.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
May 15,2020

New Delhi, May 15: With an increase of 3,967 COVID-19 cases in the last 24 hours, India's tally of coronavirus cases reached 81,970 cases, according to the Union Ministry of Health and Family Welfare on Friday.

According to the latest figures, 51,401 patients are active coronavirus cases while 27,919 patients have been cured/discharged and one patient has been migrated.

With a rise in 100 deaths due to COVID-19 in the last 24 hours, the number of deaths now stands at 2,649.

According to the Health Ministry, Maharashtra is the worst-hit state with regard to the number of COVID-19 cases with 27,524 cases of which, 6,059 patients have been cured/discharged and 1,019 succumbing to the virus.

Tamil Nadu has a tally of 9,674 cases inclusive of 2,240 patients cured/discharged and 66 fatalities.

Gujarat has a total of 9,591 cases which include 3,753 patients cured/discharged while 586 have lost their lives due to coronavirus.

Delhi has a tally of 8,470 cases of which 3,045 patients cured/discharged and 115 fatalities.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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