Prakash Industries announced that the Government of Chhattisgarh had executed the Mining Lease, which has been duly registered on 22 November 2024 in favour of the Company for mining of coal over a period of 30 years for its Bhaskarpara Commercial Coal Mine in District Surajpur. Now, the Company will start overburden removal by next month and thereafter the coal extraction is expected to commence in the next quarter. The supplies of coal from this mine shall provide stability to the Company`s Integrated Steel operations as well as result in significant cost reductions. Additionally, this being a commercial mine, it shall also boost the revenue and the profitability through sale of coal in the open market.Powered by Capital Market - Live News

Net profit of Prakash Industries rose 1.07% to Rs 90.39 crore in the quarter ended September 2024 as against Rs 89.43 crore during the previous quarter ended September 2023. Sales rose 21.14% to Rs 1076.90 crore in the quarter ended September 2024 as against Rs 888.98 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1076.90888.98 21 OPM %12.2014.43 - PBDT126.04127.90 -1 PBT90.3989.43 1 NP90.3989.43 1 Powered by Capital Market - Live News

Prakash Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Prakash Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live News

Prakash Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live News