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Prakash Industries steel plant in State of Chhattisgarh

February 5, 2008

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.

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