₹171.57
-6.6 (-3.7%) - 1 May 2025 09:33 AMPrakash Industries Limited (PIL) was established in 1980 with a focused vision to become an Integrated Steel & Power company. Delivering sustainable value to all its stakeholders, PIL is known for its quality products at competitive prices. Over the years, the company has spread its wings all across the geographical borders of India. PIL is on a quest to capitalize upon first mover’s advantage in a challenging space with their technology intensive products. PIL has always introduced innovative ways to cut costs and maximize resource utilization. The company has set up facilities to manufacture Wire Rods, HB Wires, TMT bars and Structurals which puts forth the concept of forward integration in the company to give highest value addition. To fulfill the Iron Ore requirement for Sponge Iron manufacturing, the company also owns Iron Ore mines. Various statutory clearances are under processing, upon which these will be operated and put to use. At present, the company operates a captive power generation plant, making itself completely self-reliant in power for its integrated steel plant and future expansion projects. The installation of boilers based on utilization of low grade fuel & latest technology turbines has also helped PIL to focus on its aim of expanding in power generation along with expansion plans in the steel sector.
Industry - Steel & Iron Products
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