200 Mini Steel Plants in Chhattisgarh to Close Due to Power Costs

30 Jul 2024 CW Team

Over 200 mini steel plants in Chhattisgarh are set to shut down due to a significant increase in power tariffs. The hike, imposed by the state government, has drastically raised operational costs for these small-scale steel manufacturers, leading to their closure.

The surge in power tariffs, implemented to cover rising energy costs, has created a severe financial strain on the mini steel plants. These facilities, crucial to the local economy and employment, now face insurmountable challenges in maintaining profitability under the new pricing structure. The increased cost of electricity has made their operations economically unfeasible, compelling many to cease production.

Industry experts estimate that the shutdowns will have a substantial impact on the local economy, with potential job losses and reduced steel production. The mini steel plants, which often cater to regional markets and contribute significantly to local employment, are particularly vulnerable to such financial pressures.

The Chhattisgarh government has yet to address the concerns of the affected plant owners. The industry calls for a reassessment of the power tariff policy to prevent further closures and mitigate the adverse economic effects. Without intervention, the shutdowns could lead to a long-term negative impact on the state's industrial landscape.

In response, plant owners are urging for policy adjustments or subsidies to offset the higher energy costs. As the situation unfolds, stakeholders are hoping for a resolution that balances the needs of the power sector with the sustainability of the mini steel industry.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..