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Prakash Steelage intends setting up a special purpose vehicle (SPV) being wholly owned subsidiary or any other feasible and beneficial mode for future business prospects by utilizing the excess factory land for setting up and developing an Industrial Park at Umergaon, a concept supported by Gujarat Government with an entitlement of subsidy towards development cost. The company has to undertake preparatory work on this before being finally approved by the board.

The company has also appointed PWC as the consultants to advise the company for improving productivity, quality & efficiency of plant being focused improvement projects in production, maintenance, quality, and planning & order execution functions.

Further, the company has appointed Singhi Advisors an expert in M&A field for scouting joint venture, takeover or strategic partner in India or abroad and exploring further avenues for inorganic growth of the company for achieving faster growth. The board at its meeting held on August 12, 2011 has transacted and noted the above business.

Prakash Steelage is engaged in the manufacturing of seamless and welded stainless steel pipes, tubes and U-tubes. The company is a ‘government recognized star export house’ exporting its products to several MNCs into more than 40 countries across the globe.

Prakash Steelage Share Price

4.91 0.01 (0.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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JSW Steel 1239.90
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Jindal Stainless 787.90
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