Steel mills based in Punjab (Mandi Gobindgarh & Ludhiana) would get a rebate of INR 1/unit on night hours power consumption (from 10 pm to 6 am) for a period of 6 months (Oct’20 to Mar’21). With this reduction in power cost, the steelmakers will benefit as production costs will drop slightly*. The current industrial power tariff reported is to be around INR 6.00/unit which depends on load factor, as per furnace owners. (*correction)
Leave a Reply