Jindal May Announce Power Cut in Raigarh Over Coal Shortage

OP Jindal Industrial Park located at Punjipathra, Raigarh, Central India, is likely to cut power supply to the Raigarh based industries from 19th Oct'19 to 31st Oct'19, as reported by steel manufacturers to SteelMint.

An industry participant reported as of now, no official notice from Jindal Power Limited has been issued however it has been verbally notified in today's meeting held with the steel producers of Punjipathra industrial park. Industrial park has around 30-35 furnaces with a monthly production capacity of around 90,000 MT.

In today's meeting it was learned that the company is facing irregularity in coal availability supplied amid substation maintenance.

Current price of MS ingot in Raigarh are assessed at INR 25,700-25,800/MT, Billet at INR 26,100-26,200/MT, Sponge C-DRI at INR 16,500-16,600/MT and P-DRI at INR 15,500-15,600/MT. Prices are ex-plant & excluding 18% GST.