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Prakash Industries Ltd. Capital/Financing Update 2020
61790_rns_2020-01-01_486f42cd-bb44-4ba4-bffb-5df2d6af1897.pdf
Capital/Financing Update
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Prakash Industries Limited
Srivan, Bijwasan, New Delhi -110061 CIN : L27109HR1980PLC010724 Tel. : 25305800, 28062115 Fax: 91-11-28062119 E-mail : [email protected] Website : www.prakash.com
PIL/SE/PR/2020
1st January, 2020
Listing Department National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. C/1 G Block,Bandra-Kurla Complex, Bandra (E) Mumbai - 400051
Company Symbol : PRAKASH
Listing Department BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001
Company Code : 506022
Sub: Press Release
Dear Sir,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing a press release given today by the Company for your information and record.
Thanking you,
Yours faithfully, For Prakash Industries Limited
Ashwini Kumar Company Secretary
Encls : as above
PRESS RELEASE
Date: 1•' January, 2020
PRAKASH INDUSTRIES LIMITED
Prakash Industries Secures Long-Term Coal Linkages for its 5th Sponge Iron Kiln
The Company is pleased to inform that in the recent auction of Coal Linkages conducted by Coal India Ltd, it has secured allocation of long-term Coal Linkages of 1.69 lakh MT per annum for the next 5 years for its 5 th Sponge Iron Kiln. The total longterm Coal Linkages now stands at 17.04 lakh tonnes per annum.
These linkages will result in substantial cost savings in Sponge Iron production at its Integrated Steel Plant at Champa, Chhattisgarh.
Disclaimer: This release contains forward-looking statements based on the currently held beliefs and assumptions of the management of Prakash Industries Limited (PIL}, which are expressed in good faith and, in their opinion, reasonable. Forward looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or industry results, to differ materially from the results or performance implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements.
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