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The protesting associations claimed that industrial units have been forced to shut down in the wake of cutting down of power supply to factories, which were limping back to normalcy following an adverse impact on their operations due to the Covid-19 pandemic. Industry representatives under the banner of the All Industries and Trade Forum burnt an effigy symbolising the state government and said it had not been able to provide sufficient power supply for meeting committed domestic and international orders. They claimed that due to the PSPCL s measures, industrial units had suffered huge losses because of lack of production Ludhiana-based industrialist Narinder Bhamra accused the state government and the PSPCL of mismanaging the power crisis. ....
Ludhiana: In the last one year, steel manufacturers have suffered a big blow due to uncontrollable rise in the rates of steel. According to them, there has been 20 to 100% increase in the rates of different types of steel products since July 2020, despite a huge fall in the demand for steel. Maninder Pal Guliani, president of Ludhiana Beopar Mandal, said, “Because of the huge increase in the rate of steel raw material of different types, not only manufacturers of engineering goods but also small-time steel traders have been destroyed. The situation is such that the minimum hike is of 20% while there are certain items that have witnessed increase of even 100%. This month, the rate of HR coil is between Rs 70,000 and Rs 72,000 per tonne, which last year in July was about Rs 36,000. Similarly, the rate of wire rod is currently Rs 55,000 per tonne, which was Rs 39,000 in July 2020. Rate of TMT bars has shot up from Rs 42,000 per tonne to Rs 56,000 and that of round bars has shot ....
The businessmen in Ludhiana city have slammed the new tariff order announced by the Punjab State Electricity Regulatory Commission (PSERC) for year 20 ....
Hit by lockdowns, city inc warms up to online selling Mohit Behl | May 20, 2021, 04:23 IST WINDS OF CHANGE Ludhiana: Due to tough times being faced by the industrialists in the wake of frequent lockdowns in states that are big consumers of their products, they have started looking for other solutions. Online selling and e-commerce platforms, which have become most sought-after modes of sales in the country, were unfortunately not opted by a lot of Ludhiana factories so far. The ones that have taken to this model are of the view that though online selling is challenging, they will have to adapt to it. Industry associations of the city are also taking initiatives to help local units sell their products online. ....