Prakash Industries has reported impressive growth in its Production and Sales volumes during FY 2016-17 despite the challenging times faced by the Steel Industry.
The company’s Q4 Finished Steel Production stood at around 1.70 lakh tones (LT), recording growth of 26.2% on Quarter-on-Quarter basis and 16.7% on Year-on-Year basis. The company’s Q4 Finished Steel Sales stood at around 1.69 LT, recording growth of 27.0% on Quarter-on-Quarter basis and 19.5% on Year-on-Year basis.
Further, the company’s Finished Steel Production stood at around 6.15 LT for FY2016-17, recording growth of 13.4% over FY2015-16. Its Finished Steel Sales stood at around 6.10 LT, recording growth of 14.9% over FY 2015-16.
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.
