PRAKASH INDUSTRIES: Less than 10 PE Stock

 https://youtube.com/shorts/j0ihPtrKyCw?si=sTObho9vQLGAMum8

  • PRAKASH INDUSTRIES: Less than 10 PE Stock

  • Company has achieved Net Sales of ~ 3678 Crores and EBITDA of ~ 556 Crores, reflecting growth of 7% and 31 % respectively over the previous financial year. 
  • Profit after Tax for the year also grew by 83% to ~ 348 Crores
  • Bhaskarpara Commercial Coal Mine :Subsequent to the In-principle Stage-I approval under the Forest (Conservation) Act, 1980 and Environmental Clearance (EC), the Company has received Permission to Establish from the Chhattisgarh Environment Conservation Board for its Bhaskarpara Commercial Coal Mine.
  • The Company has made all the payments due towards Non-Forestry use of forest land, Wild-Life Conservation Plan, Net Present Value (NPV) of diverted forest land and compensatory afforestation with respect to the said Coal Mine. 
  • The development of the mine is progressing fast and the Mining Lease is expected to be executed soon. 
  • 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. 

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