– Chhattisgarh based re-rollers to stop production on high electricity prices, which is around INR 8.00-9.00/unit
– Steel plants with captive power will continue production
– Approximately 7,500-10,000 MT production per day will hamper
Re-rollers in Raipur (Chhattisgarh) are likely to halt their production from 6 Aug’16 in order to oppose high electricity charges in the state. Manufacturers claim that running cost of their units has gone up considerably, particularly due to increase in power tariff, leading to heavy losses.
A senior official from Chhattisgarh re-roller association (CGRRA) stated that re-rollers in the state will shutdown their production on account of high electricity charges, which is around INR 8.00-9.00/unit, comparatively much higher than surrounding states. Steel plants with captive power plant will continue to function, he clarifies.
Chhattisgarh is one of the major steel producing states in the country and contributes around 17-18% of India’s total crude steel production. It is estimated that around 7,500-10,000 MT per day finished steel production will be disturbed.
Last week i.e on 1 Aug’16, Chhattisgarh Mini Steel Plant Association (CMSPA) had also stopped their production protesting against high electricity charges.
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