Prashant India Ltd Spins ₹13 Million from Windmill Scrap as AK Global Steel Bows Out

Prashant India Ltd, a diversified entity with business interests in textiles, agro products, and wind power generation, has completed its bidding process for the sale of windmill scrap from its Wind Power Division in Dhank, Rajkot. The firm earned a highest bid of ₹13 million on the scrap materials. But, AK Global Steel, a bidder, has backed out of the transaction.

Key Points:
Windmill Scrap Disposal: Prashant India Ltd had invited tenders for selling windmill scrap from its Wind Power Division at Dhank, Rajkot.

Highest Bid: The tendering process yielded a highest bid of ₹13 million for the windmill scrap.

Withdrawal by AK Global Steel: AK Global Steel, which was initially part of the bidding process, withdrew from the deal.

Board Decision: The board of directors scrutinized and passed the tenders in their board meeting held on March 29, 2025.

Company Overview: Prashant India Ltd is engaged in various businesses, such as textiles and wind power generation. Its Wind Power Division produces about 1 MW of power every year.

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