Profit

Steelmakers selling power to maintain margins

PUBLISHED ON: November 18, 2008 | Duration: 1 min, 56 sec

facebooktwitteremailkoo
loading..
In these times of crisis and shrinking margins, it is a fight for survival for the country's steel makers who are reeling under pressure of falling prices and rising inventories. Thus, instead of steel they are selling power produced from their captive plants thanks to lower internal consumption. At a merchant price of upto Rs 10 per unit for a short term - a premium over the Rs 3 per unit in case of a long term contract.
ALSO WATCH
सिटी सेंटर : NTPC के खिलाफ किसानों का प्रदर्शन, लाठीचार्ज में आधा दर्जन प्रदर्शनकारी घायल 

................................ Advertisement ................................

Short videosBy Firework

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com