Prism Johnson has informed that it has issued a LOI (Letter of Intent) 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 Mankahari, District Satna, Madhya Pradesh. This power generating system would require a capital investment of approximately Rs. 200 Crores. The project would be commissioned by June 2020. The payback period of this investment would be less than three years.
The above information is a part of company’s filings submitted to BSE.
