Steelmakers turn power sellers as India’s electricity demand sees unusual spike
The shift is particularly visible in Raipur, Chhattisgarh, one of India’s key hubs for sponge iron, billets and long steel products. In a city built around the furnace, electricity is emerging as a more attractive commodity than the metal it usually helps produce. Mahendra Sponge and Power Ltd, Karnikripa Power Pvt. Ltd, SKS Ispat and Power, Gauri Ganesh Ispat Pvt. Ltd, Real Ispat and GR Ispat are among the companies making this temporary switch.
