Mumbai: Prakash Industries, steel manufacturer, has decided to commission a 600 mw thermal power station in Chhattisgarh with an investment of about Rs 2,400 crore. The company has signed a memorandum of understanding with the state government in this regard. The project will be operational within four years and will be financed through a mix of equity and debt. Prakash Industries would benefit from this project as the state government would facilitate in the allotment of captive coal block for the project and Prakash Industries would be entitled to distribute the power through Power Grid Corp, any other grid lines or its own dedicated lines.
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