Prism Johnson has issued a Letter of Intent (LoI) for EPC (Engineering, Procurement and Construction) contract for setting up a Waste Heat Recovery based Power Generation System of peak capacity 22.50 MW to be located at its cement manufacturing facility near village Mankahati, District Satna in the state of Madhya Pradesh.
This power generating system would require a capital investment of around Rs 200 crore. The project would be commissioned by June 2020. The payback period of this investment would be less than three years.
Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).