Prism Cements Soars Over 3% Subsidiary Completes Expansion

Prism Cements traded bullish during the opening hours of Thursday’s trade gaining over 3% at Rs 120.60 per share on BSE.

The company’s step-down joint venture, Sanskar Ceramic Pvt Ltd has completed the expansion of 4.2 million m2 (MSM) per annum Vitrified tiles capacity at its Dhuva plant, Morbi.

The commercial production of the plant has commenced from Wednesday.

With this expansion, the company would be able to trim outsourcing of vitrified tiles.  The capacity of Sanskar stands at 2.3 MSM for wall tiles and 4.2 MSM for vitrified tiles.

On NSE, the stock attracted a traded volume of 34,395 shares and traded value of 41.58 lakhs on Thursday’s intraday trade.

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