Press Esc to close

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
A volunteer uses a water hose to fight a wildfire near houses on the outskirts of Obidos...

A volunteer uses a water hose to fight a wildfire near houses on the outskirts of Obidos...

Jammu and Kashmir Women Police personnel paying tribute to police martyrs during Police...

Jammu and Kashmir Women Police personnel paying tribute to police martyrs during Police...

Executive producer Angelina Jolie arrives at the Los Angeles premiere of 'The Breadwinner' on...

Executive producer Angelina Jolie arrives at the Los Angeles premiere of 'The Breadwinner' on...

People take photos as the Sarang Aerobatic team of Indian Air force perform formation flying...

People take photos as the Sarang Aerobatic team of Indian Air force perform formation flying...

Indian Air force pilot showing their skill at Bamhrauli air station as the Indian Air Force...

Indian Air force pilot showing their skill at Bamhrauli air station as the Indian Air Force...

Devotees offer prayers to Goddess Kali on the banks of river Ganga before immersion in Kolkata on...

Devotees offer prayers to Goddess Kali on the banks of river Ganga before immersion in Kolkata on...

Indian captain Virat Kohli during a practice session ahead of the India-New Zealand ODI in Mumbai...

Indian captain Virat Kohli during a practice session ahead of the India-New Zealand ODI in Mumbai...

Indian Air force paratroopers perform maneuvers at Bamhrauli Air station as the Indian Air Force...

Indian Air force paratroopers perform maneuvers at Bamhrauli Air station as the Indian Air Force...

Orphan girls put a tilak on boys forehead, during the Bhai Dooj festival, at an orphanage...

Orphan girls put a tilak on boys forehead, during the Bhai Dooj festival, at an orphanage...

Afternoon light fades behind the warmly lit royal crematorium and funeral complex for the late...

Afternoon light fades behind the warmly lit royal crematorium and funeral complex for the late...

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.