Punjab State Electricity Board (PSEB) has imposed three-day compulsory weekly offs on induction and rolling mills in the state. With this, the price of ingot (steel) has increased from Rs 27,000 to Rs 30,000 per metric tonne while induction furnaces have refused to accept scrap from industries as raw material. They have also reduced the charges of scrap from Rs 24,600 per tonne to Rs 23,200, giving the plea that as production has reduced, they don’t need much scrap as raw material.
Narinder Bhamra, President of Fastners Manufacturers Association, however, alleged, “It seems that induction, rolling mills and PSEB authorities are hand in glove. In a planned way, they have imposed three days weekly offs on induction and rolling mills. On the one hand, they have increased the price of ingot but have reduced the prices of scrap. They have a buffer stock with them which they will sell in the coming days.”
The Punjab State Electricity Board (PSEB) has increased the weekly load shedding of the industry across the state, ranging between 48 hours and 58 hours. The peak load restrictions have been increased up to 12 hours instead of the existing 3 hours. The new instructions will be implemented immediately. The industrialists are usually prepared for such instructions only after the start of the paddy season on June 10. According to the new instructions, units located in designated industrial areas will now face 58 hours power cuts at a stretch instead of the existing 24 hours.
For category IV industries, peak load restrictions has been increased from 3 hours to 12 hours per day. The units will not be allowed to run during these hours.
Apart from the three days weekly off, even PSEB has imposed 60 hours power cut in a week on industries operating in designated industrial areas and peak load hour restrictions have been increased from three hours to 12 hours. Industrialists Badish Jindal and P D Sharma said, “Agriculture load is bare minimum at the moment and hence we are surprised that the PSEB is troubling the industry in March. Such conditions had been seen in the mid of paddy season only.”
Meanwhile, it has been learnt that even domestic load sheddings have also been increased from five to six hours and this includes evening load shedding in many cities.
The PSEB authorities have expressed inability to purchase more power due to high cost.
PSEB authorities, meanwhile, said such steps had to be taken due to increase in power demand and rise in temperature. The demand has gone upto to 1,250 lakh units (LUs) from 850 LUs in the previous month and the board has only 1,050 LUs at the moment. Apart from power cuts for the industry, domestic consumers will also face 4-5 hour Load shedding daily.
Source- India Express