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Prashant India Ltd, incorporated in 1983 and headquartered in Surat, India, operates primarily in the textile and renewable energy industries. The company is involved in yarn manufacturing, wind power generation, and oil extraction. Initially focused on yarn job work and wind power generation, it has discontinued manufacturing in the textile division and now functions mainly as an asset-holding entity alongside its wind power generation operations. Prashant India Ltd has encountered significant operational challenges and carries substantial legacy debt.
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