|
| Exchange Disseminated Time 28/02/2017 15:48:02 | Prism Cement Ltd has informed BSE that the Company has successfully bid for 18,300 tonnes per annum of coal from South Eastern Coalfields Limited [A subsidiary of Coal India Limited ('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. |
|
|