Business Update18 Aug 2026, 06:30 pm
Prism Johnson Secures Coal Linkage Worth ₹70.49 Cr Annually
AI Summary
Prism Johnson Ltd has been declared a successful bidder for coal supply contracts from Eastern Coalfields Ltd (ECL) and South Eastern Coalfields Limited (SECL), subsidiaries of Coal India Limited. The company will receive 24,000 MT per annum from ECL and 1,04,000 MT per annum from SECL, for a period of 10 years. This brings the company's total coal linkage to 2,79,400 TPA, covering approximately half of its Cement Division's annual fuel needs. The total annual value of these new contracts is approximately ₹70.49 Crore. These contracts are for a period of 10 years and are expected to be executed within 90 days from the issuance of Letters of Intent.
Key Highlights
- Secured new coal supply contracts from Coal India subsidiaries.
- Total coal linkage expands to 2,79,400 TPA.
- Contracts cover approximately 50% of cement division's fuel needs.
- Annual contract value estimated at ₹70.49 Crore.
- Contracts are for a 10-year duration.
Price Impact
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