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Prism Johnson jumps after commissioning 12.4 MW of WHRS, 10 MW of solar power at Madhya Pradesh

31 Mar 2021

Prism Johnson is currently trading at Rs. 130.35, up by 1.30 points or 1.01% from its previous closing of Rs. 129.05 on the BSE.

The scrip opened at Rs. 129.15 and has touched a high and low of Rs. 132.00 and Rs. 129.15 respectively. So far 32309 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.00 on 31-Mar-2021 and a 52 week low of Rs. 28.20 on 01-Apr-2020.

Last one week high and low of the scrip stood at Rs. 132.00 and Rs. 121.40 respectively. The current market cap of the company is Rs. 6583.90 crore.

The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 10.13% and 14.99% respectively.

Prism Johnson has recently commissioned 12.4 MW of Waste Heat Recovery System (WHRS) and 10 MW of solar power at its cement plant in Satna, Madhya Pradesh, as part of its sustainability initiatives. This is in addition to 12.5 MW of solar power capacity that was already commissioned in 2019-20 and 10 MW of WHRS that was commissioned in November 2020 at the same location.

The Company now has total 22.4 MW of WHRS capacity and 22.5 MW of solar capacity at Satna, Madhya Pradesh, which has been installed in a phased manner. This will help the Company reduce its dependence on non-renewable sources of energy.

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).

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SEBI Registered: Investment Adviser - INA000013323