Prakash Industries steel plant in State of Chhattisgarh

Prakash Industries has established an integrated steel plant in the State of Chhattisgarh at Champa, District Janjgir. The company has entered into a MOU with the Government of Chhattisgarh on 01 February 2008 to establish and operate a 600 MW thermal power station in the State of Chhattisgarh with an investment of approximately Rs 2400 crore.

The project may be implemented in the company or in a SPV formed for this purpose. The company would be entitled to wheel the power through Power Grid Corporation of India / other grid lines or its own dedicated lines for its own use or for its customers. The project would be operational within a period of 3 to 4 years and would be financed through a mix of equity and debt.