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Prism Cement successfully bid for 18,300 TPA of coal in Coal auction

28 Feb 2017 Evaluate

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.


Peers
Company Name CMP
Ultratech Cement 11066.00
Ambuja Cements 358.00
ACC 1158.55
Shree Cement 22749.55
Dalmia Bharat 1595.05
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