Induction furnaces based in Jindal’s industrial park in Punjipatra, Raigarh (Central India) has stopped production amid power cuts by Jindal power ltd.
There are about 25-28 induction furnaces in the industrial park, which produces approx 70,000-80,000 MT ingot/billet per month and caters primarily to North India.
“Jindal power has withdrawn supply from March 1 for unknown reasons. There is no clarity when will it be resumed.” said an induction furnace owner based in Raigarh.
Jindal Power Ltd, the first domestic private sector player to commission an independent power plant (IPP) in 2007, has a total installed capacity of 3,400 MW.
Present price of MS ingot in Raigarh are assessed at INR 32,500-32,600/MT, billet at INR 33,000-33,200/MT, C-DRI at INR 20,700-20,900/MT and P-DRI at INR 19,500-19,700/MT (same day payment).
Leave a Reply