Mumbai power cut: This is how much city loses in one hour due to power failure, read to know

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Mumbai came to stand still on Monday due to a power cut, banking sector, trains, businesses and many other things were stopped. Although, as the day passed the electricity department restored the power supply in the city. However, due to this Mumbai had to face huge financial loss.

As per reports, the city loses Rs 258 crores in hour due to power outage. The Maximum City is the financial capital of the nation and has an impact on 25 per cent of the country’s industrial production. 70 per cent of the country’s trade through sea route is also impacted and the power cut also affects 70 per cent money transactions as headquarters of most banks are in Mumbai.

Also Read: Mumbai electricity cut: Power supply has been restored substantially, remaining will be restored soon, says Union Power Minister RK Singh

Meanwhile, Union Power Minister RK Singh said, “We are sending a team from the Central Authority to Mumbai to sit down with the state transmission authority and find out where the problem was and how it started.”