Prakash Industries has received an approval for raising of funds up to Rs 500 crore in one or more tranches by issue of equity shares through Qualified Institutional Placement (QIP) to eligible investors in such manner and on such terms and conditions as may be permitted under the applicable laws. The board of directors at its meeting held on August 24, 2017 has approved for the same.
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
