New Delhi, March 1:  

Shares of Prism Cement gained 8.5 per cent today after the company said it has secured supply of 18,300 tonnes per annum of coal from state-owned CIL arm Southern Eastern Coalfields Ltd (SECL).

The stock jumped 8.54 per cent to Rs 103.50 on the BSE.

On the NSE, shares of the company soared 8.42 per cent to Rs 103.

“The company has successfully bid for 18,300 tonnes per annum of coal from Southern Eastern Coalfields Ltd in the recently held auction of coal linkages for the cement industry,” the company had informed the BSE yesterday.

It further said, “The company has secured part fuel requirement for the next five years.”

Southern Eastern Coalfields Ltd is subsidiary of Coal India Ltd (CIL).

According to the company, this allocation has been done on a “normal premium over the floor price” by CIL.

(This article was published on March 1, 2017)
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