Prakash Steelage is planning to offload its 12.47 per cent additional stake in the newly formed special purpose vehicle (SPV) to its joint venture partner Tubacex S A of Spain. At present, the stainless steel tubes & pipes manufacturer holds 32.47 per cent stake in the SPV - Tubacex Prakash India, while Tubacex holds the remaining stake.
Prakash Steelage, a company of the Prakash Group, was started in the year 1996 to manufacture Stainless Steel Welded and Seamless Pipes, Tubes & U-tubes under one roof in India, through its Silvassa Division,PSL is one of the leader in Indian Stainless Steel Pipe and Tube industry.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.95 |
| JSW Steel | 1255.30 |
| SAIL | 179.60 |
| Jindal Stainless | 733.15 |
| APL Apollo Tubes | 1911.30 |
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