Author: Rounak Gairarey

Steel producer Prakash Industries posted an 8% increase in sponge iron output to 820,000t in FY2019-20, a record annual output for the company, on the back of commissioning its sixth rotary kiln. Prakash posted a 78% fall in net profit to INR 118.19 crore in 2019-20 compared with INR 539.22 crore in 2018-19 as revenues…