Home / Knowledge / News / Textiles / Textile processors annoyed over hike in gas price
Textile processors annoyed over hike in gas price
03
Dec '10
Annoyed by the irregular supply of industrial gas and an abrupt rise in its prices, around 1,200 processors from South Gujarat have resolved not to ink a deal with a gas company. They have even forwarded a letter to the company seeking some clarifications regarding the sourcing and rates of gas.

The processors during a recent meeting of the South Gujarat Textile Processors Association (SGTPA) decided to request the company to remove the Restricted Supply Level (RSL) clause from the agreement. They demanded that, the company should stick to its previous commitment and provide them with 100 percent gas supply from RLNG and Panna Mukti Tapti (PMT) field.

The processors, while opposing the RSL agreement, said that they don't want to create a situation whereby the company would first raise the price and provide them with a major share of the quota, and then shrink the supply after a month but sustains the higher rates, as this greatly shoots up their fuel bill.

The company has declared that it would raise the gas rates by Rs 1.85 per cubic metre since December 1 and would also raise the gas supply by 62 percent of the quota decided. But the processors are apprehensive that the company would reduce the supply percentage and increase the prices after a month, leaving them with no other option but to purchase gas from open market at a higher rate. The company merely supplied 16 percent of the quota by charging Rs 11.50 per cubic meter of gas, until a month back.

Also that the company without providing any assurance for regular gas supply is adding new customers to its consumer base, and has even not fulfilled the agreement that it had entered into a year ago, whereby it promised to supply a specific quantity of gas.

Fibre2fashion News Desk-India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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

Active Poll

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

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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