Wednesday, 4 July 2018

Prakash Industries gains 1% on record quarterly sales volume

The company has achieved the highest-ever quarterly sales volume of ~2.40 lakh tonne in Q1 FY2019. Steel magnate Prakash Industries surged by 1% in Wednesday’s trade after the company filed a statement with the BSE stating that it has achieved the highest-ever quarterly sales volume of ~2.40 lakh tonne in Q1FY19. Thus, it registered a growth of ~26% against Q1FY18 owing to higher capacity utilization and operational efficiencies. The company was earlier in the news for receiving Stage-I approval for Sirkaguttu Iron Ore mine in Odisha. It plans to begin operating the mine from next month.


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