Cir. No.

: IEEMA(PVC)SWGR(R-1)/02/2021 February 2021

To All members of Switchgear division and respective PVC mailing list
All utilities and listed purchasing organizations.

Basic prices of raw materials and components and Index number for Insulator used in the manufacture of
Switchgear & Controlgear prevailing as on 1st working day of the month of February 2021 and LME average
settlement price of copper for the month of January 2021and February 2021 and
Corresponding applicable all India average consumer price index number for the month November 2020

This is for the application in IEEMA's Price Variation Clauses as under:

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1. Switchgear and Control gear: MV AIS (Above 1100 V and Up to & Including 36 KV) effective from 1st January 2019

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2. LV SWITCHGEAR AND CONTROLGEAR (up to & including 1100 V) effective from 1st January 2019

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3. HT Switchgear (ABOVE 36 KV): IEEMA/PVC/HT-SWGR (ABOVE 36 KV)/2007 effective from 1st June 2007
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Sr. Description Price/Index Variation over
No. Previous month
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1. COPPER: (C)
a) Average LME settlement price of copper wire
To s

bars for the month of January 2021 Rs. 6,09,278.00/MT + 12,568.00

b) Average LME settlement price of copper wire
& the

bars for the month of February 2021 Rs. 6,43,624.00/MT + 34,346.00

2. ALUMINIUM: (Al)
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Price of busbar grade equivalent to IS:5082-1998 Rs. 2,38,900.00/MT (-) 2,300.00

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4. INSULATING MATERIAL: (In)

a) Price of phenolic moulding powder Rs. 100.00/Kg NIL

b) Price of epoxy resin CT-5900 Rs. 720.00/Kg NIL

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c) Wholesale price index number for ‘Insulators’ 118.00 + 1.60

(Base:2011-12=100) for the Month December 2020

4. WHOLESALE PRICE INDEX : (IS)

Wholesale price index number for ‘Manufacture Of Basic 115.80 + 4.30
Metals’(Base: 2011-12=100) for the month i.e
December 2020
5. CONSUMER PRICE INDEX : (W)*
All India average consumer price index number for 119.90 + 0.40
industrial workers (Base: 2016=100) for the month of
November 2020
P.T.O.
 Cir. No. : IEEMA(PVC)SWGR(R-1)/02/2021 February 2021

Sr. Description Currencies Rates

No. Equivalent
to Rs. 100

6. IEEMA’S BANKER'S SELLING RATE: (E)

IEEMA’s Banker's selling rate of exchange between foreign U.S. Dollar 1.3652
currencies equivalent to Rs.100 prevailing as on Pound Sterling 0.9907
1st February 2021 Japanese Yen 142.2273
EURO 1.1207

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7. CUSTOMS EXCHANGE RATE: (Ec)

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Customs exchange rate for conversion of foreign currencies U.S. Dollar 1.3541

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equivalent to Rs. 100 prevailing as on 1st February 2021 Pound Sterling 0.9843
Japanese Yen 139.1788
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EURO 1.1093
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8. IMPORT DUTY RATE: (D)

Import Duty rate in percentage (Excluding duties set off 8.2500%
To s

as per GST law) as per Item No.85.38 of customs tariff

act in so far as it is applicable to 'parts' of Customs tariff
& the

Item 85.35. Prevailing as on 1st February 2021

* Refer cir no : 213/PVC/SOR/07 dated 05 November 2020
en or
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Authorised Signatory
QE/PVC/18 (R-06)
ISSUED DATE: 16.03.2021

Note: Unauthorised circulation of IEEMA PV Circulars by anyone other than authorised Users, without prior
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approval of IEEMA in any form including photocopying or re-typing except for internal circulation within their own
organization, is prohibited. Users found violating this agreement are liable to be removed from the subscribers list.