Prakash Industries is reportedly planning to demerge its polyvinyl chloride (PVC) pipe business into a separate entity with a focused vision for growth. The PVC pipe business contributes nearly 10% to the company’s total income. Of the total income from operations posted at Rs 520.70 crore for the quarter ended December 31, 2016, Prakash Industries reported Rs 55.66 crore contribution from the PVC pipe segment. The steel and power segments contributed the rest.
Prakash Industries is an integrated steel and power company. Its products include coal mines, iron ore mines, sponge iron, power, steel melting shop and ferro alloys.