Sunday, August 14, 2011

Prakash Industries Ltd. .......Buy for long term CMP 58/-

Prakash industries Ltd , part of Surya Roshni group was started in the year 1980 by Sh. B.D.Agarwal , Founder Chairman of the company and was taken to the present stature by continuous efforts and vision of Sh. V.P.Agarwal, Chairman & Managing Director of the company. . This is the zeal and excellence of the Chairman & Managing Director , which has taken the company to new heights. He has also been honored with being one of the most innovative industrialist in India. The integrated Steel plant of the company is located at Champa , Distt Janjgir, Champa State of Chhattisgarh. The company has setup Rotary Kilns based on SL/RN technology of Lurgi ,Germany Recognizing the potential to tap the waste gases let out by the Sponge Iron kiln, the company also installed a power Co generation plant with Waste Heat Recovery Boilers in collaboration with Lurgi ,Germany. Installing first Boiler in the country based on utilization of hot gases itself is a mile stone for the company and is a part of company's contribution for harnessing energy from waste resources. In yet another planned move towards self reliance and ensuring the uninterrupted supply of consistent quality of Iron ore for the Sponge Iron Kilns , company has set up a Crushing and Screening plant at Koira , Distt- Sundargarh in the state of Orissa.

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