One can assume between Rs1000-1500/t of coal as cost saving for the company.
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Sir, How big do you see the opportunity from selling the coal in the open market?
See it doesn’t matter whether u sell in open market or use yourself. The mine production capacity is well defined. And unlike iron ore, it’s not that easy to increase production of coal. So one need to assume they will produce at full capacity and sell the surplus. Benefit will remain the same
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@Rakesh_Arora Sir, they have availability of coal linkage also. So can Prakash continue getting supply under linkage for its captive use and simultaneously sell commercial coal in market from its mine.
Kindly also advise your views on the management and Company as a whole and also about market perception for the Company.
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Overall profitability of the company is not great. Iron ore mine benefit is already in the numbers, Coal will be additional. Company can go to Rs600-700cr EBITDA range. Confidence level on management is low and market perception is not that great. Stock can go up further as markets are being crazy. Personally I think there are better stories in the market.
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Why screener is showing Zero Taxes paid in Profit & Loss statement for each year. For FY24 its negative . Any idea why is so ?
19f4842d-28aa-4d83-9482-dc5d0006a0fc.pdf (2.0 MB)
good numbers from prakash ind.
but the key questions are 1) why they r not paying taxes? 2) where this all profits are going because they r earning and spending on assets …? 3)which types of assets and why they are buying i cant undesrstand if you looks at GPIL or Sharda , they r very much transparent in all manners…‘’
Disc . :- Invested
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What’s the reason for such a sharp fall…
The Company is pleased to inform that the Government of Chhattisgarh vide its order
dated 13th November, 2024 has approved Mining Lease over an area of 932 hectares for
mining of coal over a period of 30 years for its Bhaskarpara Commercial Coal Mine in
District Surajpur.
The supplies of coal from this mine shall provide stability to the Company’s Integrated Steel operations as well as result in significant cost reductions. Additionally, this being a commercial mine, it shall also boost the revenue and the profitability through sale of coal in the open market.
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The Company is pleased to inform that the Government of Chhattisgarh had executed the
Mining Lease yesterday, which has been duly registered today in favour of the Company
for mining of coal over a period of 30 years for its Bhaskarpara Commercial Coal Mine in
District Surajpur. Now, the Company will start overburden removal by next month and
thereafter the coal extraction is expected to commence in the next quarter.
The supplies of coal from this mine shall provide stability to the Company’s Integrated
Steel operations as well as result in significant cost reductions. Additionally, this being a
commercial mine, it shall also boost the revenue and the profitability through sale of coal in
the open market.