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Prakash Industries has modernised its fourth rolling mill at Raipur, Chhattisgarh. The modernisation will improve the production of the value-added product, wire rods. It is on schedule to complete its sixth sponge iron kiln by March, thereby adding sponge iron production capacity of two lakh tonnes/annum along with waste heat power co-generation.
The company has also increased its product prices by ₹3,000 a tonne or 8 per cent, due to firm steel price.
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