Prakash Industries today announced that in addition to earlier payment of Rs 2.34 billion deposited by the company in the month of December, 2014, it has further deposited an amount of Rs 148.5 million on Jun. 29, 2015, thereby making full and final payment of Rs 2.49 billion with the Coal Controller, Ministry of Coal, towards the additional levy against its Chotia Coal Block in terms of the order of the Hon'ble Supreme Court of India.

Now, the company looks forward to participate for a suitable coal block in the coal block auction process of the govt. of India.

Shares of the company gained Rs 1.4, or 4.58%, to trade at Rs 32.00. The total volume of shares traded was 132,262 at the BSE (3.25 p.m., Tuesday).