BHEL suppliers in Tiruchi in trouble due to lack of power, finance

The 600-odd small and medium fabricators that supply to BHEL face closure of business due to multiple factors—mainly lack of power, finance and “intermittent periods of dried up orders.” “The power situation in the state is crippling the units’ productivity. Some units are on the verge of shutdown due to acute power shortages,” says BHEL Small and Medium Industries Association (BHELSIA). Power from diesel gensets, it says, is way too expensive. Unless the situation is rectified immediately on war footing, the industrial infrastructure patiently built over five decades in Tiruchi would wither away, BHELSIA says in a press release. Units are even agreeable for a two day power holiday per week, provided uninterrupted power is supplied for the balance five days, it says. more at: http://www.thehindubusinessline.com/companies/article3960988.ece