Prakash Industries expects completion of Sponge Iron Rotary Kiln Project in Jan 2019

Prakash Industries Limited is anticipating that the 5th Sponge Iron Rotary Kiln project will reach completion by the end of January, 2019.

The project is having capacity of 0.20 Million tonnes along with 15 MW Waste Heat Power cogeneration.

Subsequent to the installation of the 5th Kiln, the dependence on external procurement of sponge iron will be reduced, which shall significantly add to the bottom line of the company.

Prakash Industries Limited (PIL) was established in 1980 with a focused vision to become an Integrated Steel & Power company.

According to its website, delivering sustainable value to all its stakeholders, PIL is today known for its quality products at competitive prices. Over the years, the company has spread its wings all across the geographical borders of India.

Image Credit : investmentguruindia.com

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