Cement News tagged under: Prism Cement

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SID completes alternative fuel project for Prism Cement

04 January 2024, Published under Cement News

Prism Cement has announced the completion and hand over of another milestone project for the company in India. The joint efforts of SID SA of Switzerland and India have successfully completed the alternative fuel project at the cement plant. This project will reduce carbon consumption in cement production while using processed alternative fuel. Prism Cement operates a 5.6Mta plant in Satna , India.

IKN wins Prism Cement cooler order

20 July 2023, Published under Cement News

Prism Cement has ordered an IKN pendulum   clinker cooler. Pre-assembly of the IKN pendulum cooler will take place at Prism Cement's plant in India and it will replace the air beam technology cooler with the latest static inlet. This project will improve the recuperation efficiency, reduce the power and clinker temperature, and improve WHRS performance with hot air recirculation.   IKN carries out the pre-assembly before the kiln shutdown so that the cooler can be erected quickly a...

Prism Johnson to raise cement capacity

29 January 2021, Published under Cement News

Prism Johnson Ltd has approved of a 0.9Mta cement capcity expansion at Prism Cement's Satna cement plant, Madhya Pradesh, India. The new capacity will take the plants total cement capcity up to 5.4Mta. The investment is estimated to cost INR1390m (US$19.02m).

Prism Cement reports 13% net sales increase in 4QFY18

30 May 2018, Published under Cement News

India’s Prism Cement Ltd has reported a 13.4 per cent YoY increase in net sales to INR16.14bn (US$238.94m) for the 4QFY18. EBITDA surged 40.3 per cent to INR1.69bn, while its EBITDA margin expanded to 10.6 per cent. However, profit after tax decreased 10.6 per cent to INR627m. The cement sector saw sales volume growth to 1.7Mt in the quarter, according to India Infoline. EBITDA/t increased to INR819/t from INR580/t of the year-ago period.

Prism Cement changes name to Prism Johnson

23 April 2018, Published under Cement News

India’s Prism Cement Ltd has changed its name to Prism Johnson Ltd, effective from 18 April 2018. ''To dispel the perception that Prism Cement Limited […] is only a cement company, the name of the company has been changed to Prism Johnson. Prism Johnson is one of India's leading integrated building materials company and the new name reflects the product range and magnitude of operations of the company,'' said Vijay Aggarwal, managing director of the company.

Prism Cement posts increase in net profits

14 February 2018, Published under Cement News

Prism Cement has posted its results for the quarter ended 31 December 2017. The company reached a net profit of INR148.5m (US$2.31m), compared to a loss of INR470m in the year-ago period. The total net sales of the company advanced to INR12.96bn from INR12.34bn, according to Reuters.

Prism Cement sees rise in 2Q17 EBITDA

16 November 2017, Published under Cement News

Prism Cement has posted a 50.4 per cent YoY rise in EBITDA for the 2Q17 period ended 30 September 2017 to INR376m (US$5.78m). The resulting EBITDA margin for the second quarter was 3.2 per cent. The company’s revenue fell 7.7 per cent on a comparable basis to INR11.6bn 2Q17 from INR12.62bn in 2Q16. The first six months of the current financial year has seen Prism report EBITDA of INR1.14bn. In comparison to the same period of the previous year, this is a minor decrease of 5.3 per cent. Si...

Prism Cement appoints Manish Bhatia as CFO

22 August 2017, Published under Cement News

India-based Prism Cement has appointed Manish Bhatia as chief financial officer following the resignation of Pramod Akhramka. Mr Bhatia has more than 20 years of experience in the core fields of accountancy as well as finance and commercial activities as well as other areas regarding mergers and acquisitions, due diligence, strategy, ERP, etc.

Prism Cement quarterly net profit falls

26 May 2017, Published under Cement News

India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier.  Consensus forecast for March quarter profit was INR23.01m, according to Reuters. Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago. Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Prad...

Prism Cement receives limestone mining lease

03 May 2017, Published under Cement News

Prism Cement announced it has received a letter of intent from the government of Madhya Pradesh, India, for a cement-grade limestone mining lease. The lease if for mining in the Chulhi and Majhiyar villages in the Satna district of the central Indian state. To span a period of 50 years, the lease covers reserves of about 23.6Mt and applies to the cement producer’s plants Madhya Pradesh.