Huge Loss To Vijayawada Iron Yard: వరదలకు విజయవాడ ఐరన్ యార్డు ఎనలేని నష్టాన్ని చవిచూసింది. దాదాపు 60 ఎకరాల విస్తీర్ణంలోని 430 దుకాణాలు జలమయమై ఇనుము తుప్పుపట్టింది. వ్యాపారులు కోలుకోలేని దెబ్బతిన్నారు. సగం ధరకే ఇనుప సామగ్రి అమ్ముకోవాల్సిన దైన్యం నెలకొంది.
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00:00In Vijayawada Bhavanipuram, a 60-acre iron yard is well-known in Asia.
00:13There are up to 430 wholesale shops, 250 iron shops,
00:19plywood, sanitary, pipes, agro, chemical,
00:22packing of daily necessities, transports, paper,
00:25electricals and hardware shops are also in the hundreds.
00:28This month, a single yard was hit by a flood.
00:31It was 3 to 6 feet high.
00:33While some shops still had water supply,
00:35some items were brought to the light.
00:37All the wet hardware has changed color.
00:40In this shop, I got approximately 3.5 feet of water.
00:43The mud hasn't dried up yet.
00:45There is still water here.
00:47The water hasn't dried up yet.
00:49See, everything has turned into reddish.
00:51All the material has been damaged.
00:53It costs Rs. 70,000 today.
00:55If a customer comes and asks for Rs. 70,000,
00:58we won't accept it.
00:59If it is a stock, we will lose everything.
01:02Otherwise, we sell it at Rs. 5,000 or Rs. 4,000 less.
01:04What happens to them is,
01:05even if it is a new stock, we won't lose it.
01:08If we want to buy a new one,
01:09we will have financial problems.
01:11Actually, we can sell iron in open.
01:13The reason we shed iron is
01:15to change the color of the iron.
01:17We spent a lot of money on it.
01:19Even now, it has become like this.
01:22No one will buy this binding wire
01:24if it turns reddish.
01:26There are 30 tunnels of water here.
01:29It is wet here.
01:31The present sale is due to the rain.
01:33It hasn't come to running yet.
01:35It is in the water of our industry.
01:38We don't know how long it will take
01:40to repair it.
01:42Our factory is in Kabela Industrial Area.
01:44Our factory was submerged in water
01:46up to 10 feet in the flood.
01:48Barbed wire, chain link,
01:50heavy zinc-coated materials
01:52are used to make quality products.
01:54The damage caused by the water
01:56is used for production again.
01:58The machinery,
02:00generator, and raw materials
02:02in the factory
02:04are completely destroyed.
02:06We have 6 lakhs of stock.
02:08All the machinery
02:10will cost up to 16 lakhs.
02:12Tools, inverters, and furniture
02:14will not be used again.
02:20The reddish material
02:22that comes from the flood
02:24is sold to the retailers
02:26and wholesalers in the state.
02:28Now, there is no other way
02:30to sell the reddish material
02:32to the farmers.
02:34When there is a flood,
02:36the soil comes.
02:38The soil is packed inside.
02:40In a few days,
02:42all the materials will be destroyed.
02:44I have a total of 5 crores of materials.
02:46I have a total of 5 crores of materials.
02:49I don't know
02:51whether 30% or 40%
02:53will be lost.
02:55There will be a lot of processes
02:57to polish and polish.
02:59There will be 1, 2,
03:0110, 20 sheets.
03:03But,
03:05it is not possible
03:07to process such a quantity.
03:09We are spending
03:1118% GST on this.
03:13Even if the tax exemption is given
03:15on the remaining stock,
03:17it is not possible
03:19to process
03:21the remaining stock.
03:23It is not possible
03:25to process
03:27the remaining stock.
03:29It is not possible
03:31to process
03:33the remaining stock.
03:35It is not possible
03:37to process
03:39the remaining stock.
03:41It is not possible
03:43to process
03:45the remaining stock.
04:15Even if we calculate
04:17the total cost,
04:19each shop will lose
04:21at least 50 lakhs.
04:23There are about 400 shops
04:25in our market.
04:27We have lost
04:2940% to 50% of the stock.
04:31We want to increase
04:33the bank loans
04:35and reduce the interest
04:37on MCLR.
04:39We want to reduce
04:41the interest on MCLR.
04:43Look here.
04:45There is a mark here.
04:47It has been soaked for 10 days.
04:49Look here.
04:51It is all red.
04:53If we remove it,
04:55it will not be dirty.
04:57But,
04:59it will be dirty
05:01if it is soaked for 10 days.
05:03No one will buy it if it is dirty.
05:05It is all for 50%.
05:07There are 68 tons
05:09of MS value mesh here.
05:11It costs Rs. 62 without tax.
05:13Half of it will come.
05:15There is no business
05:17for 15 days
05:19because of the
05:21lack of interest
05:23on MCLR.
05:25There is no business
05:27for 15 days
05:29because of the
05:31lack of interest
05:33on MCLR.
05:41The construction
05:43of Kalvala
05:45has stopped.
06:11If it is possible,
06:13they should come back
06:15and clean the area.
06:17In the past,
06:19there were many problems
06:21due to COVID-19.
06:23There is no way
06:25to reduce the interest
06:27on MCLR.
06:29There is no way
06:31to reduce the interest
06:33on MCLR.
06:35There is no way
06:37to reduce the interest
06:39on MCLR.