Jindal Steel and Power Ltd (JSPL) has today sent notice to Raigarh based furnace operators for curtailment of power supply w.e.f 1 Apr’16. The company is in talk to sell its subsidary plant to JSW in coming days. It is predicted that power supply to 27 MS ingot & ferro units located in Raigarh (Chhattisgarh) will be affected from this. Billet makers in Raigarh reported that approximetly 5,000 workers will get affected post this power cut problem.
There are approx 120-130 induction furnaces in Chhattisgarh with daily 8,000 MT merchant sales volume of MS Ingot/Billet. In Raigarh (Punjipatra), 23-24 inductions are operational at present, which produces approx 45,000-50,000 MT ingot per month. The manufacturers in the state sell most of the material to North India (UP & Punjab).
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 set up at coal pitheads. This includes a 1,000 MW plant (250 MWx4) located at Raigarh district of Chhattisgarh, and another plant of 2,400 MW (600 MWx4) capacity, located at Tamnar in the same state.
JSW Energy, the flagship power generating company of Sajjan Jindal, will acquire a 1,000 MW plant located in Raigarh.
Present price of MS ingot in Raigarh is assessed at INR 22,000/MT, billet at INR 22,400/MT, C-DRI at INR 12,100-12,200/MT and P-DRI at INR 11,200/MT (same day payment).
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