Prakash Industries Ltd. engages in the business of steel and power generation. It operates through the Steel and Power Division, and PVC Pipe Division. The Steel and Power Division segment specializes in steel and power operations such as crude steel. The PVC Pipe Division segment refers to the production and distribution of PVC pipes and fittings, tubes, and hoses. The company was founded by Basu Dev Agarwal on July 31, 1980 and is headquartered in New Delhi, India.