Prakash Industries

Prakash Industries Limited is an established Indian public company primarily engaged in manufacturing and selling steel products while also generating its own power for operational needs. The company's outlook is aligned with India’s goal to nearly double its steel production capacity to 300 million tonnes per annum by 2030, fueling infrastructure growth. It strategically insulates itself from raw material price volatility by operating its own captive iron ore mine and securing direct coal supplies from Coal India Limited. As steel-making is power-intensive, the company operates a captive power plant sufficient to meet its energy demands, ensuring self-reliant and stable production for its operations. A key future project is the fast-progressing Bhaskarpara Commercial Coal Mine, with a mining lease expected to be executed in the first half of fiscal year 2025. This strategic focus contributed to a robust 20% sales volume growth over the last financial year, supported by a strong macroeconomic environment in the country.;