Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

Thematic (Sector/Industry)

<ul>
<li>2024-25 mining proposals hit Rs.167B, rebounding from 2023’s Rs.50B low but still below decade average of Rs.393B, signaling cautious revival.</li>
<li>Assam Sulphur Plant (Rs.107B) announced as 2024-25’s largest project, featuring processing units and terminals, though location remains unconfirmed.</li>
<li>Jayant OC Expansion (Rs.17B) completed, doubling Singrauli mine capacity to 20M tonnes, while Bhaskarpara Coal Mine adds 1M tonne capacity.</li>
</ul>


2024-25 mining proposals hit Rs.167B, rebounding from 2023’s Rs.50B low but still below decade average of Rs.393B, signaling cautious revival.
Assam Sulphur Plant (Rs.107B) announced as 2024-25’s largest project, featuring processing units and terminals, though location remains unconfirmed.
Jayant OC Expansion (Rs.17B) completed, doubling Singrauli mine capacity to 20M tonnes, while Bhaskarpara Coal Mine adds 1M tonne capacity.


Unearthing Growth: Mining Sector’s Subdued Yet Steady Rebound

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Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/prakash-industries-ltd" target="_blank" data-smartkarma-citation="entities:9614:1" rel="noopener">Prakash Industries (PKI IN)</a> Bhaskarpara Coal Mine is now received all the government approvals ensuring stable, self-supplied coal for steel production as well as open market sale.</li>
<li>This development reduces raw material costs, boosts EBITDA potential, and strengthens PIL's valuation amid past corporate governance concerns.</li>
<li>PIL has manageable debt and with rising EBITDA, the company is available at a very attractive valuation compared to its peers.</li>
</ul>



Prakash Industries (PKI IN) Bhaskarpara Coal Mine is now received all the government approvals ensuring stable, self-supplied coal for steel production as well as open market sale.
This development reduces raw material costs, boosts EBITDA potential, and strengthens PIL's valuation amid past corporate governance concerns.
PIL has manageable debt and with rising EBITDA, the company is available at a very attractive valuation compared to its peers.


The Beat Ideas: Prakash Industries Limited, A Mining Catalyst

India

Prakash Industries is an integrated steel and power manufacturer based in India. The company produces sponge iron, steel billets, ferro alloys, wire rods, and TMT bars. It also engages in mining and operates captive power plants to support its steelmaking operations. Prakash Industries was founded in 1980 and is headquartered in New Delhi, India.

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Prakash Industries (PKI IN)

Unearthing Growth: Mining Sector’s Subdued Yet Steady Rebound

Mining proposals for 2024-25 show a cautious revival, with Assam Sulphur Plant as the largest project and capacity expansions at Jayant OC and...

Viral Kishorchandra Shah

The Beat Ideas: Prakash Industries Limited, A Mining Catalyst

Prakash Industries secures government approvals for coal mine, reducing costs and boosting EBITDA potential, strengthening valuation.

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Unearthing Growth: Mining Sector’s Subdued Yet Steady Rebound

​Mining proposals for 2024-25 show a cautious revival, with Assam Sulphur Plant as the largest project and capacity expansions at Jayant OC and...

Viral Kishorchandra Shah

The Beat Ideas: Prakash Industries Limited, A Mining Catalyst

​Prakash Industries secures government approvals for coal mine, reducing costs and boosting EBITDA potential, strengthening valuation.

Sudarshan Bhandari

Mining proposals for 2024-25 show a cautious revival, with Assam Sulphur Plant as the largest project and capacity expansions at Jayant OC and...

Prakash Industries secures government approvals for coal mine, reducing costs and boosting EBITDA potential, strengthening valuation.