Industries bear the brunt of power crisis in Maharashtra
Published on Fri, Jul 25 at 18:43 , Updated at Fri, Jul 25 at 19:17
Source : CNBC-TV18
| ads by google |
It's a power crisis in Maharashtra and the industries will feel the pinch. They will have to do without any power for nearly two days, every week. Sanjay Bansal was all set to run his manufacturing concern to full capacity throughout the week after he got an extra order from a big automobile company. But, he will have to put a break to his plans now because of a weekly 40 hour power cut imposed by the state's energy distribution company Mahavitaran has put a beak on his plans. Sanjay Bansal, Automobile Component Manufacturer said, "We are not able to expand our business beacause of insufficient electricity supply. We are paying extra money for that and this is what we get in return." 40 hours of weekly loadshedding is going to affect over 6000 SMEs in Pune. The loss incurred will effect the entire chain connected with these industries from the big players to the workers who may face reduction in daily wage.
Ajay Bhushan Pandey, MD, Mahavitaran said, "If it rains, the situation improves and the agricultural demand falls, we will withdraw the load shedding." It's a dark spell ahead for the state of Maharashtra. |
Messages on Business Talk
Other comments
RIL misused trustee position: RNRL Counsel
Following the RNRL-RIL case, the former's Counsel has said that RIL misused its trustee position in dealing with be...
in Business Talk - MMB Messenger at 21-Aug-08 01:43
Geodesic Info Systems set to roll in India: Farhan Ashhar
Very Interesting and Exciting. Keep up the good work Geodesic...
in Business Talk - actfast at 21-Aug-08 12:13
Rate this article
Latest Market Commentary
21-08 Nifty around 4300; banks, realty, power, CG worst hit
20-08 Mkts end strong as CG, metal, telecom, realty stks gain
Udayan's Comments
16-08 Global cues, crude prices hold key to mkt moves
14-08 Crude prices to set mkt course ahead
F&O Markets
20-08 FIIs net sell Rs 1,188.3 cr in Nifty Futures
19-08 Unitech adds 11 lakh shares in the OI
Market Interview Transcripts
20-08 The Structured Products Case
20-08 Mkts on high: Can the rally continue?
CNBC TV18 Research Reports
20-08 Oil cos disagree on BK Chaturvedi Panel proposals
20-08 Competition Commission recommends BAA to sell 3 UK airports
Brokerage Reports
Wealth Tips
Chat
Ajay Bagga
CEO , Lotus India AMC
(21 Aug- 16:00hrs)
Investing in uncertain times
Poll
Newsletter
Keep in touch with News day & night. Subscribe to:
Mobile Services
Get news on the move SMS to 52622
- SMS M for Market News
- SMS B for Latest Business News
- SMS S (stock name) for latest news


Offline
By 
