- CEO
- Ved Prakash Agarwal
- Full Time Employees
- 2,708
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Srivan New Delhi DE India 110061
- IPO Date
- Nov 30, 1994
- Business
- Prakash Industries Limited (PIL), founded in 1980 and headquartered in New Delhi, India, operates as an integrated steel, mining, and power company primarily serving the Indian market with operations concentrated in Chhattisgarh, Uttarakhand, and Tamil Nadu. The company manufactures sponge iron using SL/RN coal-based technology from Lurgi, Germany; steel billets and blooms; ferro alloys; wire rods; HB wires; and TMT bars and structurals through its forward-integrated steel plant at Champa, Chhattisgarh, supported by captive iron ore mines, waste heat co-generation, coal-based power plants, and a 5 MW wind farm in Tamil Nadu. It maintains self-reliance in power generation and raw materials via backward integration. In recent developments, PIL received approval for reclassifying promoter group entity Aircon Systems (India) Private Limited to public shareholder status under SEBI regulations, secured a 30-year mining lease boosting its shares, and reported increased stakes by prominent investors Dolly Khanna and Mukul Agrawal in Q1 FY26 alongside steady Q2 FY25 net profit growth.