Much anticipated hike in power prices by Chattisgarh State Electricity Board (CSEB)has been declared on Saturday.
It was reported that power prices has been revised to Rs 3.80/unit from Rs 2.75/Unit. Also demand charges has been reduced from 330 units to 250 units.
Net impact on power prices will be around 95 paise per unit said market sources.
This hike will be effective from 5th of May 2012.After declaration from CSEB, ingot manufacturers have stopped their offers and will wait for further directions.
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