Prism Cement?s Greenfield plant by 2014 PM News Bureau Saturday, July 16, 2011, 16:50 Hrs [IST]
Prism Cement, a Rajan Raheja group company, plans to reach a capacity in excess of 10 mtpa by 2014 with a green field unit at Kurnool, Andhra Pradesh. With the commissioning of its brown field unit of 3.6 mtpa capacity recently, the company?s total installed capacity has gone up to 5.6 mtpa. The greenfield expansion is expected to be completed by 2014 with capacity addition of 4.8 mtpa. Though the project was announced in 2007 the company went slow on its implementation, partly due to global slowdown in 2008 and partly due to excess capacity in the industry.
The company has also been allotted a coal block at Chindwara, MP, which is expected to be commissioned in FY2012-13 and will supply to the plant facility at Satna. This is likely to help the company to improve its margins. Currently the new unit depends entirely on open market coal which is nearly 40% more expensive than linkage coal.
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