There is a rating agency report
What is re-confirms is that investment in developing the coal mine are about 500 Cr. and out of which ~350 Cr. are from internal accruals. The report is also reconfirming that mining lease will execute in about 7-8 weeks from now. operations will commence from ~ Q2’FY25. Additional revenue will start coming in.
What would be very interesting to know is the potential revenue/cost savings that the company is hoping for on account of this coal mine. @Rakesh_Arora sir, would you be able to share some views.
Link to report update report – https://www.careratings.com/upload/CompanyFiles/PR/202402130231_Prakash_Industries_Limited.pdf
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