India's Prakash Industries jumps on 30-yr mining lease with Chhattisgarh state govt

Prakash Industries

25/11/2024 05:25

** Shares of iron and steel manufacturer Prakash Industries
 PRKI.NS  rise as much as 7.7% to 175.2 rupees
    ** Co gets mining lease for Bhaskarpara commercial coal mine
from government of Chhattisgarh state for a period of 30 years
    ** More than 642,000 shares changed hands by 10:30 a.m. IST,
1.1 times the 30 day avg volume
    ** Stock last up 4.2%, turning stock positive on YTD basis


 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))