Prakash Industries

Prakash Industries’ stock rises 7% after securing a **30-year mining lease** in Chhattisgarh. The lease grants long-term access to iron ore resources, supporting the company’s steel and iron rod production. Analysts highlight the move as a strategic boost for raw material security amid industry demand.

Nov 2024business-standard.comNews article

Prakash Industries sees an 8% stock price increase after receiving regulatory approval for its Bhaskarpara coal mine project. The final clearance follows earlier environmental and operational assessments, enabling the company to proceed with development. The project marks a significant expansion for the firm’s coal extraction capabilities in India.

Jul 2024business-standard.comNews article

India’s Enforcement Directorate (ED) attaches properties linked to **Prakash Industries** as part of an ongoing money laundering investigation. The action targets assets potentially tied to illicit financial activities under scrutiny by authorities. The case follows ED’s broader crackdown on suspected financial irregularities across sectors.

Dec 2021business-standard.comNews article

Prakash Industries reaches a new 52-week stock high of **Rs 88.80** after reporting its **highest-ever sales volume** in FY21 (2021–22). The company’s shares surged over **9%** in intraday trading, reversing a two-day decline. The milestone follows strong financial performance, though specific sales figures remain undisclosed.

Apr 2021business-standard.comNews article