The National Company Law Tribunal (NCLT), Chandigarh Bench, has sanctioned the Scheme which provides for the demerger of Prakash Industries’ business of PVC Pipes & Fittings and Flexible Packaging into Prakash Pipes. The certified copy of the Order from the NCLT is awaited.
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.