Established in 1980 with a vision to become an
integrated Steel & Power company, delivering sustainable value to all
its stakeholders, Prakash Industries Limited (PIL) is today known for its
quality products at competitve prices. Over the years the company has spread
its wings across the geographical borders of india. In quest to capitalize
first mover's advantage in a challenging space with technology intensive
Products, PIL has always introduced innovative ways to cut costs and
maximize resource utilization.
Company has set up a state of the art technology integrated steel plant at
Champa in the state of Chhattisgarh. The sponge iron Kilns installed at
Champa are based on SL/RN technology of Lurgi, Germany, which is the only
renowned technology in coal based Sponge Iron manufacturing. The Sponge Iron
manufactured in the Kilns is being used inhouse in the Steel Melting Shop to
produce high quality Billets and Blooms which is then used to manufacture
high value added finished steel products. Thus a fully integrated approach
is adopted in the company.
Company has set up facilities to manufacture Wire Rod, HB Wire, TMT bars
and Structurals which puts forth the concept of forward integration in the
company to give highest value addition. With an assured supply of raw
material and power and with concept of backward & forward integration,
the steel plant of yesterday has emerged as a fully integrated steel plant
Company has always emphasized on backward integration to ensure
uninterrupted supply of quality raw materials. Captive coal mines of the
Company at Chotia in the state of Chhattisgarh is already in operation with
modern methods of mining, resulting in operational excellence. Company has
been allotted three coal blocks at Chotia, Madanpur & Fatehpur in the
State of Chhattisgarh. Operations of Chotia Coal mines were started in
record time of 33 months. In the Chotia coal mines, several modern methods
of mining have been initiated resulting in operational excellence. Company
also owns Iron Ore mines to fulfill the Iron Ore requirement for Sponge Iron
manufacturing which are yet to be operated as various statutory clearances
are under processing.
Today, the company operates a captive power generation plant, making the
company self reliant in power for the integreated steel plant & future
expansion projects. Along with expansion plans in the steel sector, company
has also decided to focus on expansion in power generation with installation
of boilers based on utilization of low grade fuel & latest technology
The personality behind the success story of Prakash
Industries Ltd. is Sh. B.D.Agarwal ji, the founder chairman of the company,
who started the company and without whose vision Prakash would not have
enjoyed the fruit of success and fame. His integrated approach, intellectual
capabilities and business acumen raised the company to the new heights and
provided the company a solid foundation. As the founder chairman of the
company, his qualities remain unmatched. While invoking profound respect
among all who meet him, he is still the embodiment of humanity, love and
goodwill to all.
Prakash Industries Ltd will endeavor to become a learning and knowledge
based organization. The company will establish itself as a preferred
supplier by offering quality products to its customers .The company will
strive to become one of the most cost competitive steel & power producer
in the industry and generate wealth to serve its customers, the surrounding
community and the nation.
Along with the expansion plans in the steel sector, the company has decided
to focus for expansion in power generation sector with installation of
latest technology Power Plants featuring use of low grade fuel. The
continuously increasing power demand has also made power sector much more
demanding and challenging, therefore the company has decided to concentrate
on power generation as a thrust area .Companys mission is to achieve
overall growth through high productivity, continuous improvement and
technological break-through and dedicated efforts towards attainment
- Utmost satisfaction of customers and suppliers
- Equal opportunity for human resources development
- Care and compassion for employees
- Team work
- Socially Responsible
- Emphasis on transparency
Code of Conduct
Code of Conduct for Directors and Senior
Honest and Ethical Conduct:
All members of the Board of Directors and senior management of the Company
shall act in accordance with the highest standards of personal and
professional integrity and ethical conduct not only on Companys
premises but also at Company sponsored business events.
Directors and senior management owe a duty to the Company to advance its
legitimate interests when the opportunity to do so arises.
Directors and senior management shall maintain the confidentiality of
confidential information of the Company.
Each Director and senior management should deal fairly with customers,
suppliers, competitors, and employees of the Company.
Protection and Proper use of Companys Assets:
All Directors and senior management should protect Companys assets
and property and ensure its efficient use.
Compliance with Laws, Rules and Regulations:
Directors and senior management shall comply with all applicable laws,
rules and regulations applicable to the company as well as involving
securities of the Company.
Compliance with Code of Conduct:
If any Director or senior management who knows of or suspects of a
violation of applicable laws, rules or regulations or this Code of Conduct,
he / she must immediately report the same to the Board of Directors.
Interpretation of Code:
Any question or interpretation of this Code of Conduct is to be handled by
the Board or any Committee / person authorized by the Board of the Company
in this respect.