Ludhiana: The Ludhiana furnace industry has claimed that because the weekly applied by the Punjab State Power Corporation Limited (PSPCL), he will face the production loss of Rs 1,000 Crore.
The owner of the furnace, rolling mills and other allied units also claimed that they had to pay Rs 100 Crore to workers even when there was no job for almost 10 days to keep their units closed.
According to the furnace industry representatives, after weekly orders, more than 500 units have been fully closed since July 1 and will remain so until July 10 when the weekly ends.
KK Garg, President of the North Induction Furnace Association (Ifani), said, “Previously, for almost two months, the supply of industrial oxygen to our factories was still suspended because the majority of furnaces were closed.
Now, the power crisis has forced us to be closed since July 1 .
“According to Garg, the association delegation met with the PSPCL Chair of a Venu Prasad but there will be a solution for this forced weekly.
“Already, our unit runs at a 50% capacity because of the order less, but now because of PSPCL restrictions, we cannot even operate our units at half the capacity,” according to Dev Gupta, Secretary General of Ifani, “there is a close to 250 furnaces, 150 The rolling factory and the same number of allied units are inside and around Ludhiana.
All of these units have power connections ranging from 250kW to 1,500KW or even more.
But according to the PSPCL order, induction furnace can use a maximum load of 50kva while consumer bow furnace can use 5 % of the burden subject to sanctions.
Going with restrictions on the use of the load set by the PSPCL, it is not possible for us to carry out production activities in our factories because the large power load is needed to run even one process.
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Will suffer the production loss of RS 1K CR because of PSPCL Weekly Off Orders: Furce Industry
