India: Prakash Industries records highest ever steel sales in FY ’21

Prakash Industries recently released operational results for fourth quarter and FY ’21. The main highlights of their performance are as follows:

• Steel sales stood at 954,760 t, the highest ever since inception, up 3.1% y-o-y
• DRI production reached 905,616 t, the highest ever output, up 11% y-o-y.
• Highest ever steel sales in Q4 at 272,142 t, up 9% q-o-q and 31% y-o-y.