Binani Zinc to be Reopened in Sept

Published: 21st August 2014 06:00 AM  |   Last Updated: 21st August 2014 03:11 AM   |  A+A-

THIRUVANANTHAPURAM: Kochi-based electrolyte producer Binani Zinc which has been shut down following various issues will resume  functioning from September.

Chief Minister Oommen Chandy assured the company representatives that the existing ownership crisis regarding the land bought by the company for the construction of the captive power plant would be resolved after discussing the issue with the Revenue Department.However, the company representatives invited Chandy’s attention on the added financial strains on it due to the increase in power tariff, hindering the functioning of the company.

The company representatives said that there is an increased liability of  `7 crore in addition to the existing liability of  `30 crore.

Meanwhile, Oommen Chandy said that the state  government would examine  the possibility of exempting maxim demand charge for the company during the months in which the company was shut down.

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