The name itself is self explanatory. Relay is a electromagnetic switch. If you can make the operation of the relay as per your schedule called programme it is programmable rely. We can write suitable software programme to the required needs or parameters to make the computerised rely ( protection system) work , then it become a programmable rely.
dhiru, go to www.time-mark.com This is an American company but they have a wealth of information and diagrams on their site. It could be considered a learning tool. It will answer all your questions.
The entire class of device was born out of the original LOGO! made by Siemens. Since then, many other manufacturers have released similar products. They are relays that have a limited amount of intelligence built-in, along with a built-in means of programming, all for a very low price. So if you wanted a timer, it can be a timer. if you want a relay, it's a relay. If you want a relay and a time, it's still both at the same time.
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** All I every really wanted to be, was... A LUMBERJACK!.**