Prakash Industriers Ltd is operating its integrated Steel and Power plant along with capitive mines in the sate of Chattisgarh with facilities for Sponge Iron, Steel Billets/Blooms, Ferro Alloys along with power generation. As a step towards further integration, the company has also set up a facilities to manufacture Wire Rod, HB Wire, TMT bars and Structurals which puts fort the concept of forward integration in the company to give highest value addition. Prakash Industries Ltd has always emphasized on backward integration to ensure uninterrupted supply of quality raw materials. Captive coal mine of the company in the state of Chattisgarh is already in operation with modern methods of mining, resulting in operational excellence. The performance of the company has been eventful during the FY12. The company has achieved its first milestone towards its plan to set up 635 MW power capacity by successfullly commissioning the first phase of 100 MW. It has further stepped up its level of integration by settting up a Sponge Iron kiln which shall contribute substantially towards cost savings. With addition in capacities, the company has achieved highest ever production in steel & power.
Further expansion in the Sponge Iron Capacity by setting up an additional module is already under implementation. In addition, the company is also taking up expansion in its Steel and Ferro Alloys capacity to further optimize its level of integration. On the power front the balance capacity expansion shall be taken up in a phased manner in due course of time. The iron ore mines allotted to the company are under advanced stages of clearances, with the Government departments, which once operational shall give further boost to the profitability of the company in the coming days. At the CMP of Rs.49.50--50, it is a steal.