The Company

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 today.

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 turbines

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.

Vision
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.

Mission
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 .Company’s mission is to achieve overall growth through high productivity, continuous improvement and technological break-through and dedicated efforts towards attainment thereof.

Values

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 for Directors and Senior Management

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 Company’s premises but also at Company sponsored business events.

Corporate Opportunities:
Directors and senior management owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.

Confidentiality:
Directors and senior management shall maintain the confidentiality of confidential information of the Company.

Fair Dealing:
Each Director and senior management should deal fairly with customers, suppliers, competitors, and employees of the Company.

Protection and Proper use of Company’s Assets:
All Directors and senior management should protect Company’s 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.