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Prakash Industries prepays term loan to Indostar Capital Finance

06 Apr 2023 Evaluate

Prakash Industries has prepaid entire Term Loan to Indostar Capital Finance of around Rs 33 crore ahead of its maturity, as a step towards its commitment to reduce the pledge of promoter's shares.

Prakash Industries is rapidly carving its niche in the Indian steel industry, and has emerged as one of the key producers of value added steel products in the country.

Peers
Company Name CMP
JSW Steel 1268.30
Tata Steel 187.95
Steel Authority 183.10
Jindal Stainless 739.60
APL Apollo Tubes 2190.00
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