Prism Cement has informed that the Company has successfully bid for 18,300 tonnes per annum 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 intimation is based on the information available on the website of MSTC E-commerce. The Company is yet to receive the allotment letter. This, along with the earlier coal linkage of 120,000 tonnes per annum, constitutes about 25 percent of the Company’s annual fuel requirement.
The above information is a part of company’s filings submitted to BSE.