Prakash Industries has received final approval from Ministry of Forest & Climate Change, State Government of Chhattisgarh for its Bhaskarpara Commercial Coal Mine.
The Permission to Establish is already in place from the Chhattisgarh Environment Conservation Board and the development of the mine is progressing fast. The Mining Lease is now likely to be executed very soon.
The supplies of coal from this mine shall provide stability to the Company's Integrated Steel operations as well as result in significant cost reductions. Additionally, 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.
