Skip to main content

MoneyWorks4Me

Prakash Industries secures long-term coal linkages for its 6th Sponge Iron Kiln

01 Jan 2020 Evaluate

Prakash Industries has secured allocation of long-term coal linkages of 1.69 lakh MT per annum for the next 5 years for its 6th Sponge Iron Kiln. The total long term coal linkage now stands at 17.04 lakh tonnes per annum.

These linkages will result in substantial cost savings in sponge iron production at its integrated steel plant at Champa, Chhattisgarh.

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 1339.35
Tata Steel 187.40
Steel Authority 171.00
Jindal Stainless 688.60
APL Apollo Tubes 2179.30
View more..