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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 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
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Pump manufacturers hike prices by 15% | Coimbatore News

Coimbatore: Pump manufacturers here increased the price of all models by 15% from Friday due to rising cost of raw materials. Prices of raw materials have increased by 10 to 40% in the last two months along with the price of spare parts, said K Maniraj, president of the Kovai Power Driven Pumps and Spares Manufacturers Association (Kopma). “Despite several requests, the central and the state government failed to take steps to control the price hike. So, we decided to increase the price of all varieties – household, industries and agriculture – by 15% from Friday.” Meanwhile, members of the Railway Suppliers Association (Rasa) submitted a petition to the railway, requesting to settle bill payments at the earliest. “Even though the railway board has issued two circulars instructing officials to release the MSME bill payments without delay, the bills are much delayed. As railway delays the bill payment, suppliers are unable to complete their orders on time. Store officials

Railway suppliers demand release of funds

Railway suppliers demand release of funds Updated: Updated: Share Article AAA The Railway Suppliers Association has appealed to the Central government to immediately release funds and clear the arrears for Micro, Small and Medium-scale Enterprises (MSMEs) for the spares and components supplied. In a memorandum to the Minister for Railways, the Association said the Railway Board had issued two circulars directing officials to clear the bill payments for MSMEs. Yet, there were huge arrears to be cleared. The officials reportedly told the suppliers in many places that they were not having adequate funds. At the New Bongaigaon Carriage Workshop, the officials said that funds were not available for six months. But bills submitted about a year ago were also pending. Though there was a delay in the MSMEs getting the payments, they were levied penalties for not supplying the parts on time. The MSMEs did not have funds to continue production. Hence, funds should be released for the M

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