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G. Gurumurthy

Coimbatore, Dec. 9 Textile industry in Tamil Nadu has incurred Rs 1,000 crore loss due to capacity utilisation loss caused by the unscheduled power trippings. This has also negatively impacted on the jobs as over 20 lakh workers were rendered jobless due to the stoppage of electricity.

For every one per cent utilisation loss incurred for a 25,000-spindle unit, the unit incurred an estimated production loss ranging between Rs 10 lakh and Rs 15 lakh per year and in the recent trippings, most mills had incurred 10-15 per cent utilisation loss, according to the apex textile industry body Southern India Mills Association (SIMA).

SIMA member mills in an urgent meeting held here on Friday demanded the power shortage be distributed equally throughout the State and to minimise the losses incurred by the textile industry, a suitable power cut be announced immediately by the electricity board.

In an adverse market condition as the present one faced by the industry, the utilisation loss arising on account of power trippings furthers the deteriorating working condition for the mills. In addition to the normal energy cost of Rs 3.50 per unit, the high tension power consuming textile industry is saddled with demand charge at 47 paise per unit, which is based on the connected load required.

More Stories on : Textiles | Power | Tamil Nadu

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