Prakash Industries Ltd secures Long-Term Coal Linkages for Captive Power Plant

Prakash Industries Ltd has secured Long Term Coal Linkages of 8,10,200 MT per annum for next 5 years for its captive power plant in the coal linkage auction concluded today by Coal India Limited under Tranche-V in the CPP subsector.

The above linkages will insulate the Company against the volatility in the coal prices and thus provide long term stability to the operations of the Company and improve its operating and financial performance.

Shares of Prakash Industries Limited was last trading in BSE at Rs. 55.80 as compared to the previous close of Rs. 61.10. The total number of shares traded during the day was 549546 in over 5878 trades.

The stock hit an intraday high of Rs. 57.35 and intraday low of 50.85. The net turnover during the day was Rs. 30168046.00.

Source : Equity Bulls

Keywords

PrakashIndustriesLimited INE603A01013 LongTermCoalLinkage CaptivePowerPlant CoalIndia