Press Esc to close
Friday 23 June 2017
News updated at 2:06 PM IST

AP steel units driven to closure by FSA

Hyderabad, Dec 12, 2012, DHNS: 22:57 IST
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
Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.