Prakash Industries is currently trading at Rs. 125.00, up by 2.70 points or 2.21% from its previous closing of Rs. 122.30 on the BSE.
The scrip opened at Rs. 123.50 and has touched a high and low of Rs. 126.30 and Rs. 121.70 respectively. So far 116914 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.60 on 31-Jul-2017 and a 52 week low of Rs. 42.05 on 05-Dec-2016.
Last one week high and low of the scrip stood at Rs. 126.30 and Rs. 102.30 respectively. The current market cap of the company is Rs. 1876.61 crore.
The promoters holding in the company stood at 41.97%, while institutions and non-institutions held 7.51% and 50.51% respectively.
Prakash Industries has expanded capacity of Sponge Iron by 0.2 Mn TPA. This will take the Integrated Steel Plant capacity to 1.2 Mn TPA. The new Rotary Kiln shall also generate additional 15 MW power through co-generation route, without any additional fuel cost, by harnessing the waste gases emanating from the Kiln.
All statutory approvals required for taking up the said project are in place along with the necessary infrastructure. The company is geared up to implement the sixth Kiln by September, 2018.
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.
