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Chhatrapati Sambhajinagar Industries Seek Rs 5 Per Unit Power Tariff Cut Amid Rising Production Costs​

Industrial Bodies Submit Demands to Maharashtra Government​

Industrial associations in Chhatrapati Sambhajinagar, Maharashtra, have demanded a reduction of Rs 5 per unit in electricity tariffs, citing rising production costs linked to the ongoing West Asia crisis, officials said on Saturday.

Earlier in the week, the district administration asked local industrial associations to submit a list of their demands. The proposals were subsequently presented to Maharashtra Industries Minister Uday Samant during a meeting.

Energy and Raw Material Costs Put Pressure on Industries​

Chhatrapati Sambhajinagar, a major industrial centre in the Marathwada region, hosts a wide range of sectors including automobile, engineering, pharmaceutical, and steel manufacturing.

Industrial bodies said that the conflict involving the United States, Israel, and Iran has disrupted fuel supplies, leading to higher input costs for manufacturing units. They noted that rising prices of raw materials have significantly increased production expenses.

In response, industry groups have requested the state government to reduce electricity tariffs by Rs 5 per unit to ease financial pressure on businesses.

Gas Availability Limited but Operations Continue​

According to Industries Minister Uday Samant, industries in Chhatrapati Sambhajinagar currently have gas reserves sufficient for three to twelve days.

He stated earlier this week that despite the limited gas stock, industrial operations in the region should not face disruptions.

Additional Relief Measures Requested​

In their submission, the Chamber of Marathwada Industries and Agriculture (CMIA), the Marathwada Association of Small Scale Industries and Agriculture (MASSIA), along with other organizations, also sought several additional support measures.

These include a moratorium on loan repayments, financial aid and subsidies for industries, and faster approvals for the use of alternative fuels to maintain production continuity.
 

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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Editorial Note

This news article was written and created by Karthik, and published on IST.
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