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Prakash Industries rises on securing coal linkage from SECL in Chhattisgarh

04 Aug 2016 Evaluate

Prakash Industries is currently trading at Rs. 42.05, up by 1.00 points or 2.44% from its previous closing of Rs. 41.05 on the BSE.

The scrip opened at Rs. 42.20 and has touched a high and low of Rs. 43.15 and Rs. 41.25 respectively. So far 73,294 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 45.50 on 27-Apr-2016 and a 52 week low of Rs. 23.05 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 44.40 and Rs. 39.65 respectively. The current market cap of the company is Rs. 570.20 crore.

The promoters holding in the company stood at 46.29%, while Institutions and Non-Institutions held 3.35% and 50.36% respectively.

Prakash Industries has secured a Coal Linkage of 53,500 MT per annum for the next 5 years at the base price from South Eastern Coalfields (SECL) in Chhattisgarh. This Linkage is expected to provide long term stability and cost savings in the Company’s Captive Power Plant.

Prakash Industries is an integrated steel and power company. Its products include coal mines, iron ore mines, sponge iron, power, steel melting shop and ferro alloys.


Prakash Inds. Share Price

143.95 3.10 (2.20%)
17-Apr-2026 16:59 View Price Chart
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