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IEEMA
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\\.. IndianElectrical Electronics & Manufacturers' Association \E 501,Kak6d Chambers, 132,Dr. AnnieBesant Road, Worti, Mumbai400 018. Tel:+91(0)22 4936528, 4S36529c Fax:+91(0)22 493 2705. mumbai@ieema.org E-Mail: c website: http://www.ieema.org

IEEMA/P:VC/RW00t

Ef{ective from: ld Jenuery,.Z00I

PRICE VARIATION CLAUSE FORAC / DC ROTATING MACHINERY

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Thepricequoted/confinnedbased thecostof raw materials/camponents, wholesale is on the priceindex numbers labourcost on thedate quotalion thesarne deemed be related prices raw and as of and is to to of indexnumbers whofesale materials, for prices and all lndiaaverage priceindexnurnber consumer for industrial workers specified theprice as in variation givenbelow. caseof anyvariation these clause In in prices ard+# trLTtrbers, pricepayable the shallbe subjeclto adjustment or downin accordance up wlth formula: thefollowing (A) For Rotating Machines upto framesize 318. .t^

*, ,=ft{,u0 q * t a

CSISPV

\*ro,%*BP%*

"#)
W\

(B) For Rotating Machines Framesize 35Sand above. of

p= P^{r
I { ' { , , . , L . 1) L 1 , , . l i '

e
c

s
.)l

IS

PV

,%*u P%+2s 4j ''

ld fl

wherein'
P Po Co = =

I ''' 7 Price aiadjubteOin accor'rJance the above formula. with "" quoted/confirmed."'; Price f: ''i payable

-- Average LME scttlernent cif r wrre bars (refernotes). ;.rrice c<-rppe This price is as applicable the monlh. hvo rnonthsprior to the date of tendering. for

-^So=Pricgofe|ectrica|stee|sheeis(refernotos) Thls prico ls as applicablsfor tlre rrrorrtlr. rnonthsprior to the date of tendering. Errrg 'lron = Wholesale lSo priceindexof and steel"(refernotes). . This index numberis as applicable the 1st Saturdayof the month,fquf months prior to for the date of tenderino.

PV,

= Wholesale priceindexof 'paints, varnishes lacquers. and (refer nctes). Thisindexnumber as applicable the 1stSaturday the month, is for prior of fou_f rncinths to thedateof tendering

Wo

= All lndiaaverage priceinciex consumer number industriaf for workers, pubtished the as by Latiour Bureau, Ministry Labour. = 100). of (Base Govl. lrrdia ol 1982 Thisindex nunlber as applicable therrronth. months is for prior th6dateof lendering. four to

F o r e x a n t p l e , i f t h e t i i t t o o f l e n d e r i n gl a l l s i n l v ' l a y 0 0 1 . t l r e a p i i l i c a b l e L M E a v e r a g e s o t t e m e n t p r i c e o f 2 coppsr wire bars (Cu) should be for the mort{}rof futarch200'l . price of electrical steet sheets (So} shoutd b s a s o n 1 s t A p r i l 2 0 0 1 a n d w h o l e s a l e p r i c e i n d e x n u m b e r s f o r i r o n a n d s t e e l ( l S o ) a n d f o - rp a i n t s , v n m l g h o sa l t r l l ; r t : r l t r a t sP V , , )s l t o r t l <Ilr t f o r t t r c 1 y 1 r c f t r 1 1 1 1 i1 s tq : r t r r r r l r ro f r l r o r r r o l t l r o f . t n r t r t n r y O 0 1 ( 1 11 S y Z ( : ( ) n s u n t o r r r i c < l.r r r f r ; x r u n r t . r e(rW , , ) s t r o u l d L r n . f o rt l r o s r o l r i l r c f J a r r u a r y 2 0 0 1 , a l r d o l l l r r r l l nr r v o r i r g o r ; w h l c h w o u l d a p p e a r i n t h e c i r c u t a ri s s u e d f o r t h e m o n t h o f A p r i t 2 0 0 ' f. tEEMMpvc/RM/in

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Association Manulactutsts' & Jian Etectrical Etactrottics

f Continuation SheetIVo.

IEEMNPVC/RM/2OOI

Effective {rom: t"tJanuary,200t

number TEEMA(PVC)/ by The abovepricesand indicesare as published IEEMAvide circularreference i.e., one month prior to the date of prevailing on first workingday of the month as 81yV_/_

#*^veraq9LMEsett|emgntpriceofcopperwirebars,,",*,nffi,"
for the monlh,threemonthsprior to the date of deliveryS for = Price of electrical steelsheets (refernoles).This price is as applicabfe the month,fwo monthsprior to the date of delivery. = Wholesaleprice indexof "lron and steef (refer notes). of for This indexnumberis as applicable the 1st Saturday the month,five monthspriorto the date of delivery. (refernote). = Wholesaleprice indexof "paints,varnishesand lacquers" the month,five monthspriorto the of for This indexnumberis as applicabte the 1stSaturday date of delivery. workers,as publishedby tha price index number for industrial = All lndia averageconsurner of Govt.of India{Base1932= 100i. Ministry Labour, LabourBureau,

Fl/ . !._ W

Thisindexnumberisasapp|icab|eforthemonth,fivemonthspriortothedateofdelivery. 2001 the applicable in if For example, the date ol delivery lermsof clausegiven belox faflsin December (C) shouldbe for lhe monthol Septembet2A01.pricesof stampings{S} should priceof copperwire bars price indexnumbersfor iron and steel (lS), for. on be as prevailing 1st October2001 and wholesale lacquers(PV) and all lndia averageconsumerprice index number (W) shouldbe-i paints. and varnishes . lor the rnonthof July 2001, which wouldappearin the circularissuedfor the month of October2001. equipmentis nolifiedas being ready The "dateof delivery"is the dale on which the rotalingmachinery despatchnote is (ln the for inspection/despatch. lhe absenceof such notification date of manufacturer's any agreedextension deliverydate (including or as to be considered the date of delivery) the conlracted whicheveris earlier. therelo), duty amountand exclusive excise/CV of are Notes: (a) Allpricesof raw materials exclusive modvatable slateor localtaxes,octroietc. of any othercenlral, I (b) Allprices are as on firstworklngday of the month.
(c) Tlro dolails of pricosaro as undor: l. I lrtl LME grricoof coplror wiro trnrs (in f ls/M I ) is ttro Llvlti avorago eoltlorneilt prlcc of copper wiro bars lor ttre rnontlr wlriclr is one monllt prior io the montlr of the c.lrcular with IEEMA Bankers' exchange rale prevailing as on first working converled into rr.rpees day of the subsequent month. This pricg is the landed cost, inclusive of customs duty only but exclusive of counler vailing duty. 2 ' T h e p r i c e o f e l e c t r i c a ls t e e l ( i n R s / k g ) i s t h c e x - w o r k s p r i c o o f C R N G o e l q c l r i c a ls t e e l s h e e t s o f M 4 5 , C - 6 c o a t e d ,p r i m e q u a l i l y s h e e l q u o t e d b y a s t e e l p l a n t .

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IEEMAtr'

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Association Tnrfian deffief & Electruics Manufacturers'

' \ \^ hntinuatlonStpel fio.i

lQQlvl//PVClRtlAMt

from Ef{ective : ld January,2AOl

'Paints,Varnishes Lacquers" as are and of 'lron and Steel"and of !. Thelng[g-numbers in their of Ministry lndustryGovt.of India Adviser, of publishe! tndOffice the Economic Ly 'lndex Number Wholesale = base 1993-94 100.These Pricesin India" of weeklybulletin provisional basis. weekly,on price index numbersare being pubtished wholesale aftertwomonths. available afterI weeksandis normally the However samegetsfinalised published in (Therefore are considering our circular only theselinal indexnumbers we by the economicadviserfor the lst Saturdayof the monthtwo monthsprior to the date month)' for for whichthe priceof steetis published the corresponding

Association Manufaclurers' Elecfical& Electronics Fortndian

.>ANI

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Signatory Authorised

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EETIA/PVCNMNS

AW IEEMA

'132, 018. Mumbai400 Worli, Road, Besant Chambers, Dr.Annie 501.Ka.kad 493 Tel.+91(0)22 4936528, 6529e Fax:+91(q 22 4% 2745. e website. org http://www.ieema mumbai@ieema.org E-Mail.

Assaciatian lndian Electrica!& Electrenics[vTanufacturers'

TEEMNPVC/SWGRQ]|| (R-1)

Eftectivefram: 1s Jenuary, 2A02

PRICE VARIATION CLAUSE FOR SWITCHGEAR AND CCNTROI.GEAR. and is The pricequotedlconfirmedbasedon ihe costof raw materials/components labourcost as on the and I to to and the sameis deemed be related pricesof raw materials components all date of quotation clause in priceindexnumberfor industrial as specified the pricevariation workers l.ndia averageconsumer pricepayable be subject shall the in and tndexnumber, givenbelow.ln caseof anyvariation theseprices formula: with up to adjustment or downin accorilance the foliowing

P= 1oa\rt.tz
. z^ . .-_ . Wherein. P Po lSo

P^ f

*roo[ *tt4+'r, \] *-+ru q

ls

- c

At

In

w\

with aboveforrnula. in Pricepayable adjusted accordance as Price quoted/confirmed. = = Wholesale priceindexof 'lronand Steel'(base: 1993-94 100) (refernotes). . as on This index..is applicable the firstweek endingSaturdayof the month,threemonths

of tendering.

:o'o : il:."r::::::1;ff:.;HH:
lno

one priorrhe mbnth, month to date i::ffi;)o", o,rire

of tendering. voltage = Price of phenolicmouldingpowderfor switchgear of and controlgear mediurn/lower notes} (above650 volts) {refer (upto 650 volts)or price of epoxy resinfor HT svritchgear prior'iothe date This price.is applicable the firstworkingdayaf the month,one'month as on of tendering.

'

fourmonthspriorto the dateof tendering. for This indexnumberis as applicable the month,

copperwire Forexample,if the date of ienderingfattsin May 2001, the applicablepricesof efectrolytic (lno)shoutdbe for the monthof April (Alj'and insulating material bars (Co),busbargradealuminium 'lron and Steel',{lSj shoulci for the first week.endingSaturdayof be 2001 and wholesalepriceindex of of price ie;dex numberiWj shouid be fcr th moi-rth February 2001 and all lndia averageccnsumer January 2001. T h e a b o v e p r i c e s a n d i n d i c e s a r e a s p u b l i s h e db y I E E M A v i d e c i r c u l a r r e f e r e n c en u m b ' e r i.e.,pne monthpriorto prevailing on firstworking as day of the month IEEMA(PVC)SWGR/_/the date of tendering. = = Wholesale priceindexof 'lronand Steel'{base: 1993-94 10.0)(refernctes). lS prror of This indexis as applicabte the firstweekend.ngSaiurCay the month,fourmonths on I ' to the date of delivery. C = Price of electrolytic coppervrirebars (refernates) twq monthspriorto the date This priceis as applicable thefirstworking day of the month, on of delivery. IEETdNPVASWGR/In

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lvl rers'Asseiation lndianElectrical Electronics anufactu &

Contrnuation SheelNo.I

1ffi -1 TEEMNPVC/SWGR/aAA )
Al

Effectivefram : 1"'January,2002

= Priceof busbar gradealuminium (refernc'tes). This priceis as applicable the firstworkingday of the month,twq rionths priorto the date oh . of delivery. = Priceof phenolic voltage oi mouldingpowderfgr switchgear and controlgear mediunr.tlower (upto650 volts)or price of epoxy resinfor HT switchgear(above650 volts)(refernotes). priotto the date months This priceis as applicable the firstwcirking day of the month,hruo on ' of delivery = All lndiaaverage priceindexnumberfor industrial by wo;kers, published the as consumer 'Labour, Ministry of LabourBureau, Govt.of India(Base1982= 10S). number as appliciible the month,'fivg is This inOex for monthspriorto the dateof delivery.

ln

W '

200'lthe applicable if in For example, the'date delivery termsof clausegivenbelowfatisin December of priceofrawmaterialsviz:C,Alandlnshouldbeforthernonihof andwholesaldpriceindex Octo[er2001 of of 'lron and Steel'(lS) shouldbe for the firstweek endingSaturday August2001 all lndraaverage priceindexnumber (W) shouldbe for the monthof Juty2001. consumer is is The "dateqf delivery" the date on which the switchgear equipment notifiedas.beingreadyfor (ln note the inspection/despatch. the absenceof such notification date of manufacturer's'despatch is to any as or delivery date (including agreedextension be considered the dateof delivery; the contracted thereto), whicheveris earlier. dutyamountand excl.usive Notes: (a) Allpricedof raw materials exclusive are ofinodvatableexcise/CV or of anyothercentral, state. localtaxes,octroietc. 'All pricesare as on firstworking . day of the month. tUl (c) Thd"details pricesare as under: of price indexnumberfor llron anOSteet'is as pubtished the officeof 1) The wholesale by Advisor,Ministryof Industry, Economic GbvL of lndia"l'.lewOelhi,with base 1993-94= priceindex is beingpubtished However, 100.Thiswholesale weeklyon provisionalbasis. gets finalisedafter eight weeks and is normalyavailableafter hso.months. the same Therefore, are considering our cafcu{aticns final indexpublished Econcrmic we by in this Advisorfor the first Saturdayof the months twg rnonthsprior to ihe date of which the pricesof other raw materials for such as C, Al and ln are.published the corresponding monlh. price as quoted by 2; The price for electrolytic copperwire bars (in ffs/MT) is ex-godown the primaryproducerof copper. 3) The price of busbar grade aluminium(in RslMT) is the averageof ex-worksprice as quotecl ihe hrvo primaryproducersfor the busbarsize 152.4x 6.35 mm iiai approxi by mately, gradeequivalent EglE as per lS 5082-1981 the latest). of to (or 4) The priceof insulating material(in R#Kg) ' is the'averageprice of phenolicmouldingpowder qucte* by three manufacturers. (for switchgear and controigear mediumltorver of voftageupto 650 volts). or is thb priceof epoxy resinquotedby a resin manufacturer theirgradeCT 5900 or its for (for nearestequivalent. HT switchgear a'bove650.votts). r

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Authorised Signatory'

sA{,,ry

For lndianElectrical Electronics fi4anufacturers' & Association

i
IEEMNPVC/SWGRIzlz

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