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Insat-2d Failure Cripples Nse, No Trading Today

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The insat-2d, Indias most advanced communication satellite launched in June this year, was switched off indefinitely yesterday following a major power failure on board amid fears that the satellite may have to be abandoned soon.

The power failure led to the satellite losing its earth lock, a mechanism that directs the satellite towards the earth, at 2200 hours on Wednesday night para-lysing the 24 on-board communication transponders.

The gravity of the damage was, however, not fully felt yesterday as it was a national holiday with most customers like the National Stock Exchange

 

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First Published: Oct 03 1997 | 12:00 AM IST

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