Prakash Industries has been granted Environmental Clearance (EC) for its Bhaskarpara Commercial Coal Mine in Chhattisgarh, by the Ministry of Environment, Forest and Climate Change, Government of India. The development of the said mine is fast in progress and the Mining lease is likely to be executed by the next quarter. The supplies of coal from this mine shall provide stability to the Company's Integrated Steel operations as well as significant cost reductions. Further, this being a commercial mine, it shall also boost the revenue and the profitability through sale of coal in the open market.
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.
