Prism Cement is adopting several measures to reduce debt. The company´s focus on cost rationalisation with a pick-up in cement and tiles demand and steps taken to reduce pressure on the tiles business are likely to enhance the stock´s valuation. Prism Cement earns half of its revenue from cement and readymade concrete business while the remaining is derived from ceramic tiles division. The cement capacity can be expanded to 7.6 mn tonne from the current 5.6 mn tonne at Satna, Madhya Pradesh, which is also one of the biggest limestone clusters in India.
Contact: Prism Cement.
Tel: 040-2340 0218.