Home / Knowledge / News / Textiles / Electricity price hikes puts spikes in T&G industry profits
Electricity price hikes puts spikes in T&G industry profits
06
Apr '09
Under a new circular issued by the Ministry of Industry and Trade, peak hour rates will be considered between 9.30-11.30 AM and 5-8 PM, instead of 6-10 PM, for the purpose of calculation of energy consumption charges.

The peak hour charges will be calculated at VND1,900 against VND955 charged during normal working hours. The Ministry also said that any tampering with the current charges would impact the proposal to bring electricity rates in tune with market realities.

The Ministry contends that this change in timings is to ensure electricity consumption is not restricted to peak hour timings, but industry challenges the reasoning by saying that that the new peak hour timings are those periods when consumption is at the highest point.

Due, to this aver that, they end up paying more than the routine bills they used to receive before this plan was put in to effect, which in these critical times, it is further affecting the profitability of companies, which were already operating at low margins.

But at the same time, the ministry has also supported the demand from sectors affected by the global economic crisis to be eliminated from the new regulation and has said that it will sympathetically look in to these valid demands.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X