Prakash Industries Ltd, Central India’s leading steelmaker through the induction furnace (IF) route, is expanding its melting capacity with the commissioning of two new energy-efficient IFs. Sources informed SteelMint that each furnace has a capacity of 20 t/heats, which is equivalent to production of 250 t per day from each furnace. Thus, new installed capacity totals 500 t per day. The company’s current capacity stands at 1.25 mn t per annum, which is equivalent to 4,000 tonnes per day (tpd).
The company’s operational highlights in FY’21 vs FY’20:
- Highest yearly sales of 9.55 lakh tonnes (t) of steel, up by 3%
- Highest yearly production of 9.06 lakh t of DRI, up by 11%
- Total mining output at 4. 7 lakh t of iron ore from the Sirkaguttu mine in Odisha.
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