Prakash Industries has been declared as successful bidder for Bhaskarpara Coal Mine from the Nominated Authority i.e. Ministry of Coal, Government of India. The Company is required to execute the Coal Mine Development and Production Agreement with the Nominated Authority, subsequent to which the Vesting order will be issued to the Company. Availability of coal from the Bhaskarpara Coal Mine will substantially enhance the operating margins of the Company.
Prakash Industries is an integrated steel and power company. Its products include coal mines, iron ore mines, sponge iron, and power, steel melting shop and ferro alloys.
