Prakash Industries Limited (PIL) was established in 1980 with a focused vision to become an Integrated Steel & Power company. Delivering sustainable value to all its stakeholders, PIL is today known for its quality products at competitive prices. Over the years, the company has spread its wings all across the geographical borders of India. PIL is on a quest to capitalize upon first mover’s advantage in a challenging space with their technology intensive products. PIL has always introduced innovative ways to cut costs and maximize resource utilization.
In this endeavor, the company has set up a state of the art technology integrated steel plant at Champa in the state of Chhattisgarh. This specially designed plant makes use of sponge iron kilns running on SL/RN technology from Lurgi, Germany, the only renowned technology in coal-based Sponge Iron manufacturing across the world. The Sponge Iron manufactured in the Kilns is used inhouse in the Steel Melting Shop of the company, and then results in the production of high quality Billets and Blooms. These are used to manufacture high value added finished steel products by PIL. Thus, a fully integrated approach is adopted in the company and hence the products are absolutely unmatchable in quality. The key to such a high quality of products is the promise to use the best possible raw material. Hence, the company has always emphasized on backward integration in order to ensure uninterrupted supply of quality raw materials.
The company has set up facilities to manufacture Wire Rods, HB Wires and TMT bars which puts forth the concept of forward integration in the company to give highest value addition. To fulfill the Iron Ore requirement for Sponge Iron manufacturing, the company also owns Iron Ore mines.
At present, the company operates a captive power generation plant, making itself completely self-reliant in power for its integrated steel plant and future expansion projects. The installation of boilers based on utilization of low grade fuel & latest technology turbines has also helped PIL to focus on its aim of expanding in power generation along with expansion plans in the steel sector.
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 .Company’s mission is to achieve overall growth through high productivity, continuous improvement and technological break-through and dedicated efforts towards attainment thereof.