Prism Johnson has received an approval for an investment not exceeding Rs 25.20 crore, in one or more tranches, to acquire equity shareholding of up to 45% in Renew Green (MPR Two), a Special Purpose Vehicle incorporated by ReNew Green Energy Solutions for setting up captive wind power project aggregating to 24 MW for supply to the cement plant of the Company at Satna, Madhya Pradesh. The object of acquisition aims to reduce overall cost of production by setting up captive wind power project. The Board of Directors of the Company at its meeting held on November 10, 2022, has approved the same.
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).
