Prakash Industries

Name

Prakash Industries

Legal name

Prakash Industries Limited

Website

https://prakash.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Integrated Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Metal Mining (1000)

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

akta.pro secondary industries

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE), Direct Reduced Iron (DRI) & Hot Briquetted Iron (HBI) Production (IMAKABAC)

Keywords

• Integrated steel manufacturing
• TMT bars production
• Iron ore mining
• Coal mining operations
• Captive power generation

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Products Manufacturing & Sales: Manufacturing and sale of finished steel products including TMT bars (8mm to 32mm), Wire Rod (5.0mm to 10mm), HB Wires through forward integration from captive steel production.
2. Ferro Alloys Sales: Production and sale of ferro alloys (Ferro Manganese and Silico Manganese) from Submerged Arc Furnaces. Production capacity of 0.13 million tonnes per annum. Surplus quantities sold in market beyond in-house requirements.
3. Sponge Iron Internal Consumption: Sponge iron produced from DRI kilns is primarily used for internal consumption in the company's own steel plant, enabling cost-effective manufacturing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Prakash Industries is an integrated steel manufacturer that produces sponge iron, steel blooms and billets, ferro alloys, wire rods, HB wires, and TMT bars using the DRI route with captive iron ore and coal mining. It supplies finished steel products primarily to construction, infrastructure and steel-manufacturing buyers across India, supported by captive power and renewable wind energy.

Product overview

Prakash Industries Limited is an integrated steel manufacturing company with operations spanning Mining, Steel, and Power. The company operates a fully integrated manufacturing setup starting from raw material extraction (iron ore and coal mines) through intermediate products (sponge iron, ferro alloys, steel blooms and billets) to finished steel products (wire rods, HB wires, and TMT bars). The company also generates captive power and operates wind power farms. The integrated business model emphasizes backward integration with captive mining operations and forward integration with finished steel product manufacturing, enabling cost-effective operations and quality control throughout the production chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Sponge Iron Intermediate iron product used as a substitute for steel scrap while producing steel through the electric induction furnace route, manufactured using SL/RN technology from Lurgi Germany at the Champa plant.
• Steel Blooms & Billets Semi-finished steel products manufactured at the Steel Melting Shop via the Induction Furnace route (capacity 1.25 million tonnes per annum), used as feedstock for rolling mills.
• Ferro Alloys (Ferro Manganese & Silico Manganese) Ferro alloys (Ferro Manganese and Silico Manganese) manufactured in Submerged Arc Furnaces with 0.13 MTPA capacity, used for captive steelmaking and surplus quantities sold in the market.
• Wire Rod & HB Wires Wire rods manufactured in sizes 5.0 mm to 10 mm at the Raipur facility, used for binding wire, barbed wire, armored cables, nails, screws, and wire ropes; HB wires produced as part of the same value chain.
• TMT Bars High-strength reinforcement bars manufactured in sizes 8 mm to 36 mm using No Twist Block Technology at the Raipur facility, featuring earthquake resistance, corrosion resistance, and weldability for construction applications.
• Captive Iron Ore & Coal Mining Captive mining of iron ore from Sirkaguttu Mine in Keonjhar district of Odisha (50-year allotment) and coal from Bhaskarpara Coal Mine in Chhattisgarh (46.91 MnT geological reserve), securing raw material supply for the integrated steel plant.
• Captive Power Generation Captive power generation using Waste Heat Recovery Boilers and Fluidized Bed Boilers to meet power requirements for the integrated steel plant at Champa.
• Wind Power Generation Wind power generating farms at Muppandal, Tamil Nadu, leveraging favorable wind conditions for efficient non-conventional energy generation contributing to the company's renewable energy portfolio.

Quantifiable outcome

• CARE credit rating upgraded from BB (Stable) to BB+ (Stable) reflecting improved credit profile

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Kalyani Steels: Indian producer of carbon and alloy steel with comparable integrated operations. Overlaps in steel billet/bloom manufacturing and serves similar industrial customer segments.
• Kamdhenu Limited: Indian TMT bar and structural steel manufacturer with a strong B2B dealer network. Directly comparable in finished steel product mix serving construction and infrastructure end markets.
• Jindal Steel & Power: Indian integrated steel producer with captive iron ore and coal mines, power generation, and a similar DRI/BF/EOU steelmaking footprint. Highly comparable business model covering mining, steel, and power with comparable scale.
• MSP Steel & Power: Indian integrated steel and power producer operating DRI-based steelmaking with captive iron ore and coal. Comparable scale, business model, and product portfolio.
• Shyam Steel: Indian TMT bar and structural steel manufacturer focused on construction and infrastructure end markets. Directly comparable in finished steel product mix and distribution through B2B/dealer networks.
• Visa Steel: Indian integrated producer of specialty steel, ferro alloys, and pig iron using coal-based DRI technology. Comparable route, scale, and end-market exposure to Prakash Industries.
• Sarda Energy & Minerals: Indian integrated producer of sponge iron, steel billets, TMT bars, wire rods, and ferro alloys with captive iron ore mining. Closest mid-cap peer with a near-identical product portfolio and DRI-based route.

Broad incumbents

• JSW Steel: India's largest private-sector steelmaker with comparable integrated operations (iron ore, coal, steel, power) but materially larger scale. Operates in the same end markets (construction, infrastructure, auto).
• Tata Steel: Largest Indian steel producer and a globally diversified incumbent. Comparable integrated steelmaking model with captive raw materials, although at much larger scale and broader product portfolio.
• Steel Authority of India Limited (SAIL): Public-sector Indian integrated steel producer with captive iron ore and coal. Operates in identical end markets (TMT bars, structural steel, construction supply) but at far larger scale via BF-BOF routes.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prakash Industries