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Prakash Industries Ltd. Earnings Release 2021
61790_rns_2021-01-07_e566a22f-e6c1-4720-b67a-5c1610b28331.pdf
Earnings Release
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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/2020-21
Listing Department BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001
Company Code : 506022
ih January, 2021
Listing Department National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Sandra (E), Mumbai - 400051
Company Symbol : PRAKASH
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
7th January, 2021
PRAKASH INDUSTRIES LIMITED
Q3FY21 Performance
The Company has achieved highest production of Steel at -2.6 lakh tonnes and highest Power generation at -3267 lakh units in this quarter at its steel plant in Chhattisgarh.
Further, the Company has mined -1.8 lakh tonnes of Iron Ore from its Sirkaguttu mine in Odisha in this quarter.
Outlook
The Company is likely to achieve -10% Steel production volume growth in this financial year.
Further, the Company is benefiting from the improved steel industry prospects due to strong demand and higher realisation.
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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.