Prakash Industries begins coal dispatches from Bhaskarpara coal mine
Prakash Industries Limited has commenced coal extraction from its Bhaskarpara Commercial Coal Mine, marking a significant milestone in its operations. The company announced that the coal despatches to its Integrated Steel Plant in Champa, Chhattisgarh, have officially begun as of February 15, 2025.
According to the company's statement, the supply of coal from this mine is expected to lead to substantial cost reductions and improved efficiencies in its plant operations. This move aligns with Prakash Industries' strategy to enhance its raw material integration and operational efficiency.
The commencement of coal despatches from Bhaskarpara is anticipated to strengthen the company's position in the industry, ensuring better cost management and resource utilization. The integrated steel plant at Champa is likely to benefit from a stable and efficient coal supply, reducing dependency on external procurement.
This development comes amid increasing demand for coal in the steel and power sectors, reinforcing Prakash Industries' role in supporting domestic production and supply chain efficiency.
