Team News Riveting
Raipur, December 7
Prakash Industries Ltd was (PIL) today said that it has secured coal linkage in the recently concluded auctions for the captive power sub-sector.
PIL was founded in the year 1980 with a focused vision in the core competence areas of mining, steel and power.
“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 sub-sector,” PIL said in a regulatory filing.
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, it added.
