Industries have expressed serious concern over high electricity tariff imposed by Jharkhand Urja Vitran Nigam (JUVNL) due to which several induction furances at Adityapur, Chandil and Dhalbhumgarh. Singhbhum Chamber of Commerce and Industry (SCCI) president Ashok Bhalotia has requested the Chief Minister to fulfill its promise of providing power subsidy to induction furnace industries that are closing shutters due to losses. He said that induction furnances were the worst hit as power is like a raw material for them.
“Over a dozen induction furnaces, along with sponge iron plants, rolling mills and ferro alloy units that require power have stopped production in Dhalbhumgarh in East Sighbhum and Seraikela Kharsawan due to high power tariff,” said an official of SCCI.
