Displaying items by tag: Prism Cement

India: Prism Johnson has added a proposed addition of 1Mt/yr to the cement grinding production capacity at its 5.6Mt/yr integrated plant at Satna in Madhya Pradesh. The project is expected to cost around US$34m with a scheduled commissioning date by September 2023. In January 2021 the cement producer said it was considering investing US$19m in a 0.9Mt/yr expansion to the Satna plant with a commissioning date by December 2021.

India: Prism Cement has established a 12MW waste heat recovery (WHR) plant and 10MW solar power plant at its 6.1Mt/yr-capacity integrated Prism cement plant in Satna, Madhya Pradesh. The plant’s total WHR capacity now totals 22MW, with a total of 23MW solar power capacity. The measures are part of the producer’s sustainability initiatives, by which it aims to reduce its reliance on non-renewables.

India: Prism Johnson, formerly known as Prism Cement, has received a letter of intent from the state government of Madhya Pradesh allocating it a mining lease for limestone. The agreement lasts 50 years for a site at Bairiah and Chormari villages and it includes approximately 77Mt of reserves.

India: Manish Bhatia has been appointed as the chief financial officer of Prism Cement. He succeeds Pramod K Akhramka who has resigned from the company. Bhatia holds over 20 years experience in corporate finance.

India: Prism Cement has appointed Raveedra Chittoor as an additional director to its board. Chittoor holds a post graduation qualification from the Indian Institute of Management in Ahmedabad and is a Fellow of Management from the Indian Institute of Management in Calcutta. He has 12 years of industry experience in corporate finance and investment management. Chittoor is currently an associate professor at the Gustavson School of Business at the University of Victoria in Canada. Prior to this he taught at the Indian School of Business in Hyderabad and the Indian Institute of Management in Calcutta.

India: Prism Cement has received a letter of intent from the state government of Madhya Pradesh to grant it a lease to mine cement grade limestone at Chulhi and Majhiyar, Satna district for 50 years. The lease covers reserves of about 23.6Mt and it applies to the cement producer’s plants in the state.

India: Rajesh Kapadia has resigned from Prism Cement as its chairman and non-executive, non-independent director. The resignation takes immediate effect. Kapadia cited poor health for his decision.

India: Prism Cement has purchased 120,000t/yr of coal from South Eastern Coalfields, a subsidiary of Coal India. The cement producer successfully bid for the fuel in a recently held auction of coal linkages for the cement industry. The company said that it has secured part of its fuel requirement for the next five years and the allocation by Coal India has been made at the floor price.

India: Prism Cement Limited has appointed Joydeep Mukherjee as its Chief Executive Officer - HRJ (designate) and Key Managerial Personnel with effect from 16 December 2015. HRJ or H R Jhonson is a division of Prism Cement.

India: Prism Cement has acquired a 50% stake in Coral Gold Tiles Pvt Ltd. It did not disclose the value of the deal. The acquisition will increase Prism Cement's tile business capacity to 58Mm2/yr from 54.5Mm2/yr.