Prakash Industries Ltd Secures Long-Term Coal Linkages

Prakash Industries Ltd has secured additional long term coal linkages of over 10 Lakh MT per annum for next 5 years in the coal linkage auction concluded recently by Coal India Limited.

With this, the total coal linkages with Coal India will increase to over 22 Lakh MT per annum; majorly covering our production requirement and further insulating the Company against the volatility in the coal prices.

This shall provide stability to the operations and further improve financial performance of the Company.

Shares of Prakash Industries Limited was last trading in BSE at Rs. 50.83 as compared to the previous close of Rs. 51.07. The total number of shares traded during the day was 68815 in over 406 trades.

The stock hit an intraday high of Rs. 52.10 and intraday low of 50.69. The net turnover during the day was Rs. 3528893.00.

Source : Equity Bulls

Keywords

PrakashIndustries INE603A01013 CoalLinkage LongTerm 10LakhMT