India: Prism Cement receives part-fuel requirement for 5 years

Prism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange.

With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price.