Prism Johnson Ltd updates on supply agreements by Cement Division

The Cement Division of Prism Johnson Limited ("Prism Cement") has recently entered into Supply Agreements with the following suppliers, who will manufacture and supply cement to Prism Cement as per Prism Cement's quality and other specifications:

1. Mayflex Cement Industries Private Limited ("Mayflex") : Mayflex has set up a new cement grinding plant with a capacity of approximately 0.3 million tonnes per annum at Faizabad, Uttar Pradesh.

2. R L J Infracement Private Limited ("RLJ") : RLJ operates a cement grinding plant with a capacity of approximately 0.3 million tonnes per annum at Mirzapur, Uttar Pradesh.

3. Rockhill Hi-Tech Cement Private Limited ("Rockhill") : Rockhill operates a cement grinding plant with a capacity of approximately 0.22 million tonnes per annum at Patna, Bihar.

This will help Prism Cement improve local availability in its strategic markets of Uttar Pradesh and Bihar. Uttar Pradesh constituted around 55% of cement sales volume in FY22, while Bihar constituted approximately 19% of cement sales volume in FY22.

Source : Equity Bulls

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