Stock Report

Prakash Industries Ltd Secures Long-Term Coal Linkages of 1,95,900 MT for 5 years



Posted On : 2022-01-22 17:16:37( TIMEZONE : IST )

Prakash Industries Ltd Secures Long-Term Coal Linkages of 1,95,900 MT for 5 years

Prakash Industries Ltd has secured long term coal linkages of 1,95,900 MT per annum for next 5 years in the coal linkage auction concluded today by Coal India Limited under Tranche-V of the "Others" sub-sector.

The said linkages, together with the coal linkages of 8,10,200 MT per annum secured recently in the month of December 2021 for its captive power plant, will further insulate the Company against the volatility in the coal prices and thus provide long term stability to the operations and improve financial performance.

Shares of Prakash Industries Limited was last trading in BSE at Rs. 60.60 as compared to the previous close of Rs. 60.75. The total number of shares traded during the day was 197045 in over 1923 trades.

The stock hit an intraday high of Rs. 62.45 and intraday low of 60.05. The net turnover during the day was Rs. 12075344.00.

Source : Equity Bulls

Keywords

PrakashIndustries INE603A01013 CoalLinkage CoalIndia