MoneyWorks4Me

Prakash Industries expands capacity of Sponge Iron

10 Oct 2017 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1268.30
Tata Steel 187.95
Steel Authority 183.10
Jindal Stainless 739.60
APL Apollo Tubes 2190.00
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