Press Esc to close
Wednesday 31 August 2016
News updated at 12:54 PM IST
Weather
Max: 21°C
Min : 25°C
In Bengaluru
Cloudy sky

AP steel units driven to closure by FSA

Hyderabad, Dec 12, 2012, DHNS:

More than 200 steel and Ferro alloy industries in Andhra Pradesh have threatened to close down their units by month-end if the state government does not scrap the astronomical Fuel Surcharge Adjustment (FSA) slapped on them in retrospect.

The industries have paid an additional Rs 250 crore along with the regular power bill for the quarter beginning this April.

“First we had input problem with Gali Janardhana Reddy issue, then power holiday and now the FSA. In the past 16 months steel industry in AP faced numerous problems.

Most of the units haven’t paid the power bill which was due on December 10. We don’t have money to pay that bill,” Suresh Kumar Singhal, AIIFA Southern Region, said. Steel industry in Andhra Pradesh provides direct employment to over one lakh people.


Go to Top

Photo Gallery
Activists of All Bodo Student's Union protesting to demand the creation of a separate state...

Activists of All Bodo Student's Union protesting to demand the creation of a separate state...

Rajiv Gandhi Khel Ratna awardee gymnast Dipa Karmakar and Dronacharya award winner coach...

Rajiv Gandhi Khel Ratna awardee gymnast Dipa Karmakar and Dronacharya award winner coach...

A newly inducted Provincial Armed Constabulary (PAC) personnel quenching his thirst...

A newly inducted Provincial Armed Constabulary (PAC) personnel quenching his thirst...

A view of decorated Shivalinga at Somnath on Tuesday...

A view of decorated Shivalinga at Somnath on Tuesday...

Workers transport an idol of Hindu god Ganesh on a cart ahead of the Ganesh Chaturthi festival...

Workers transport an idol of Hindu god Ganesh on a cart ahead of the Ganesh Chaturthi festival...

Actress Katrina Kaif during a promotional event for her film 'Baar Baar Dekho' in Jaipur...

Actress Katrina Kaif during a promotional event for her film 'Baar Baar Dekho' in Jaipur...

Former Australian cricketer Glenn McGrath poses during a promotional event in Kolkata...

Former Australian cricketer Glenn McGrath poses during a promotional event in Kolkata...

Victor Banerjee with actress Raima Sen and Argentinian film director Pablo Cesar...

Victor Banerjee with actress Raima Sen and Argentinian film director Pablo Cesar...

Actor Milind Soman during a press conference to promote Pinkathon run in Jaipur on Tuesday....

Actor Milind Soman during a press conference to promote Pinkathon run in Jaipur on Tuesday....

Sand artist Manas Sahoo creates a sand sculpture on the eve of local self governance day in Puri...

Sand artist Manas Sahoo creates a sand sculpture on the eve of local self governance day in Puri...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523