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Prakash Industries Ltd. Capital/Financing Update 2021
61790_rns_2021-12-07_896ef6de-afdb-4bf5-bb39-3ec7ba3e82bb.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/2021
Listing Department BSE Ltd. Dalal Street Mumbai
7th December, 2021
Listing Department National Stock Exchange of India Ltd Sandra (E) Mumbai
Company Code : 506022 Company Symbol : PRAKASH
Sub: Press Release
Dear Sir/ Madam,
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
-Jf_s --t~w: ~ ni~
Ashwini Kumar Company Secretary
Encl. as above
PRESS RELEASE
Date: 7th December, 2021
PRAKASH INDUSTRIES LIMITED
Secures Long-Term Coal Linkages for Captive Power Plant
The Company is pleased to inform that it has secured Long Term Coal Linkages of 8, 10,200 MT per annum for next 5 years for its captive power plant in the coal linkage auction concluded today by Coal India Limited under Tranche-V in the CPP subsector.
The above linkages will insulate the Company against the volatility in the coal prices and thus provide long term stability to the operations of the Company and improve its operating and financial performance.
Disclaimer: This release contains forward-looking statements based on the currently held beliefs ond 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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