Prism Cement has successfully bid for 18,300 tonnes per annum (TPA) of coal from South Eastern Coalfields, a subsidiary of Coal India (CIL), in a recently held auction of coal linkages for the cement industry. The company has secured part fuel requirement for the next 5 years. This allocation by CIL has been made at a nominal premium over the floor price.
This, along with the earlier coal linkage of 120,000 tonnes per annum, constitutes about 25 percent of the company’s annual fuel requirement.
Prism Cement is one of India’s leading integrated Building Materials Company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens.