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September 07, 2008


Prakash Industries clarifies on news item

With reference to the news item appearing in a leading web portal titled "Prakash Industries may raise INR 1000 crore via SPV Prakash Thermal Power :Sources", Prakash Industries Ltd has clarified to BSE that the news has been released by them on their assumptions only and the Company has not given any information or given any facts to them in this regards.

However, the Company has signed an MoU with Madhya Pradesh State Government for setting up 1000 MW power plant in the State for which the Company has already intimated to the Stock Exchange.