Prakash Industries has secured coal linkages of a total quantity of 6,49,300 MT per annum for the next five years from various mines of South Eastern Coalfields (SECL) in Chattisgarh. The company will sign the Fuel Supply Agreement (FSA) for the same.
Securing these linkages will provide long term stability in the operations of the company, in addition to the cost savings in sponge iron production at its integrated steel plant at Champa in Chhatisgarh. With this sourcing of coal the operating margins and profitability of the company would improve significantly in the following years.
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.
