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Copper end-users urge Tamil Nadu govt to work out solution to restart Tuticorin plant

Copper end-users urge Tamil Nadu govt to work out solution to restart Tuticorin plant
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Tamil naduMuthuraj raveendranSupreme courtCoimbatore compressor industries associationIndian electrical electronics manufacturer associationRailway suppliers associationSterlite copperIndian electricalElectronics manufacturer associationCompressor component suppliers associationsVice presidentSuppliers associationSterlite tuticorinதமிழ் நாடுஉச்ச நீதிமன்றம்கோயம்புத்தூர் அமுக்கி தொழில்கள் சங்கம்

Don t close Tuticorin Sterlite plant, govt told | Coimbatore News

Coimbatore: The Railway Suppliers Association and Coimbatore Compressor Industries Association (COCIA) have written to chief minister Edappadi K Palaniswami requesting him to reconsider the decision to shut down Tuticorin Sterlite plant permanently. They said closure of the plant since May 2018 has led to refined copper production coming down by 50%, which in turn has led to prices of the metal to shoot up by 85% recently. The associations said before the lockdown copper price was at Rs 380 per kg, however since then it has spiked to Rs 712 per kg, a hike of 85% within a year. “This month alone, price has increased by 21% and banks estimate that the metal price will reach Rs 1000 per kg,” said COCIA president M Raveendran. “While closure of the Sterlite plant had lead to refined copper production to fall by more than 50%, import of the same increased by 120% in 2018-’19, and further increased by 70% in 2019-’20,” he said.

Tuticorin sterliteEdappadik palaniswamiCoimbatore compressor industries associationRailway suppliers associationCoimbatore newsCoimbatore latest newsCoimbatore news liveCoimbatore news todayToday news coimbatoreGovt toldDont close tuticorin sterlite plantதூத்துக்குடி ஸ்டெர்லைட்கோயம்புத்தூர் அமுக்கி தொழில்கள் சங்கம்ரயில்வே சப்ளையர்கள் சங்கம்கோயம்புத்தூர் செய்திகோயம்புத்தூர் சமீபத்தியது செய்தி

Engineering units seek re-opening of Sterlite plant

‘Reconsider decision to shut down Sterlite plant’ Updated: Updated: Share Article AAA A section of the engineering units here have appealed to the State government to not shut down the Sterlite plant at Thoothukudi permanently as copper prices have increased manifold in the last few months. The Coimbatore Compressor Industries Association and Railway Suppliers Association said copper prices on March 22 last year were ₹380 a kg and shot up to ₹712 a kg now. In February this year, the prices had seen 21 % hike and there was a threat of further increase. In Coimbatore, there were nearly 1,000 manufacturers of pumps and motors. Enamelled copper wire was one of the essential raw materials for these units. The cost of copper was approximately 20 % in the price of a small electric motor. It had increased to 33 % now. The manufacturers could not pass on this cost.

Tamil naduCoimbatore compressor industries associationUnion budgetRailway suppliers associationCustoms dutyதமிழ் நாடுகோயம்புத்தூர் அமுக்கி தொழில்கள் சங்கம்தொழிற்சங்கம் பட்ஜெட்ரயில்வே சப்ளையர்கள் சங்கம்சுங்க கடமை

Tamil Nadu CM urged to reconsider decision to shut down Sterlite plant | Coimbatore News

Tamil Nadu CM urged to reconsider decision to shut down Sterlite plant | Coimbatore News
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Tamil naduEdappadik palaniswamiCoimbatore compressor industries associationRailway suppliers associationதமிழ் நாடுகோயம்புத்தூர் அமுக்கி தொழில்கள் சங்கம்ரயில்வே சப்ளையர்கள் சங்கம்

Customs Duty cut expected to bring down raw material prices

Customs Duty cut expected to bring down raw material prices Updated: Updated: Engineering units in Coimbatore will benefit from the Budget proposal Share Article Engineering units in Coimbatore will benefit from the Budget proposal The Union Budget announcement on Monday reducing Customs Duty on steel and ferrous and non-ferrous scrap is expected to bring down raw material prices for the engineering units in Coimbatore. According to the Coimbatore District Small Industries Association president M.V. Ramesh Babu, several announcements are expected to benefit the MSMEs. For metal recyclers, import duty is exempted till end of March next year. Indian Chamber of Commerce and Industry, Coimbatore, president C. Balasubramanian, said the government had taken the right steps in the budget and planned to increase its spending in different sectors. Coimbatore was a hub for textiles and MSMEs and the announcements would benefit these sectors. A mega textile park should be established h

Tamil naduMv ramesh babuIsrar ahmedIndian chamberJal jeevan missionCottage entrepreneurs associationCoimbatore district small industries associationUnion budgetManufacturers associationFederation of coimbatore industrial associationsCoimbatore compressor industries associationSouthern india engineering manufacturer associationFederation of indian export organisationsCustoms dutyIncome taxIndian export organisations