Corporate News     28-Feb-17
Prism Cement secures 25% of its annual coal requirement
From recently concluded auctions of coal linkages for cement industry
Prism Cement has successfully bid for 18,300 tonnes per annum 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 intimation is based on the information available on the website of MSTC E-commerce. The Company is yet to receive the allotment letter.

This, alongwith the earlier coal linkage of 120,000 tonnes per annum, constitutes about 25 percent of the Company's annual fuel requirement.

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