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Power equipment makers hit by input price hike

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At a time when the entire state of UP is facing the worst power crisis in recent times, the power transformer manufacturing industry of Agra was hoping for good business this year, expecting a rise in demand of power correcting equipment like voltage stabilisers, CVTs and inverters but the more than two-fold rise in copper and aluminum prices over the past four months has destroyed all hopes of good business of the local transformer manufactures.

As the prices of both these metals began rising since February, the small-scale power transformer manufacturing units of Agra have been facing a tough competition from the branded manufacturers whose prices have now come almost at par with the locally manufactured brands after the huge rise in metal prices.

A number of such small-scale units affected by the price rise have either cut-down on their production or temporarily shut down till the metals ease down to a lower level.

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