I strongly suspect this as a strategic deal and a better capital allocation than doing a buyback. industry is going through consolidation and GPILs balance sheet supports this move. They have been doing deals in the last few years. Prakash Industries looks like an attractive candidate given its access to mines as well as 3.2 MTPA intermediary +FG capacities.
Note: As per Jan 2023 credit report debt is 226cr only.
| Subscribe To Our Free Newsletter |
