Prakash Industries has secured long term coal linkages of 1,95,900 MT per annum for next 5 years in the coal linkage auction concluded by Coal India under Tranche-V of the ‘Others’ sub-sector.
The said linkages, together with the coal linkages of 8,10,200 MT per annum secured recently in the month of December 2021 for its captive power plant. This order will further insulate the company against the volatility in the coal prices and thus provide long term stability to the operations and improve financial performance.
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.
