India's Prakash Industries up 3% on securing long-term coal linkages

Prakash Industries

03/04/2023 06:18

** Shares of steel products manufacturer and power
generation co Prakash Industries Ltd  PRKI.NS  up as much as 3%
to 52.40 rupees, their highest in over two weeks since March 17
    ** Co secures additional long-term coal linkages of over 1
mln MT per annum for next 5 years during the recent auction held
by Coal India Ltd  COAL.NS 
    ** With this, PRKI's total coal linkages with Coal India
will increase to 2.2 mln MT per annum 
    ** Over 151,000 shares change hands by 10:40 a.m. IST, 0.4x
the 30-day moving avg
    ** As of last close, stock down ~7% so far this year


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))