Prism Johnson Ltd updates on coal linkage

Prism Johnson Ltd's Cement Division has successfully bid for 1,96,400 tonnes per annum (TPA) of coal from Coal India Limited ('CIL') subsidiaries in a recently held auction of coal linkages for the cement industry. The Company has secured part fuel requirement for the next five years.

Earlier the Company had a coal linkage of 1,86,200 TPA out of which 1,43,100 TPA has come to an end recently. Balance 43,100 TPA would be expiring over the next couple of years.

By successfully winning the bid for 1,96,400 TPA, the total linkage adds up to 2,39,500 TPA and constitutes about one third of the Division's annual fuel requirement.

Shares of PRISM JOHNSON LIMITED. was last trading in BSE at Rs. 122.6 as compared to the previous close of Rs. 122. The total number of shares traded during the day was 25416 in over 929 trades.

The stock hit an intraday high of Rs. 122.95 and intraday low of 121. The net turnover during the day was Rs. 3093293.

Source : Equity Bulls

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