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    HomeNewsBusinessPrism Cement gets mining lease from MP govt; hits fresh 52-week high, gains 9%

    Prism Cement gets mining lease from MP govt; hits fresh 52-week high, gains 9%

    Prism Cement gets letter of intent from the Madhya Pradesh government for allotment of cement grade limestone mining lease and rises 9 percent intraday Friday hitting a 52-week high of Rs 129.20.

    April 28, 2017 / 11:28 IST
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    Shares of Prism Cement rose by 9 percent intraday Friday hitting 52-week high at Rs 129.20 as the company gets the letter of intent from the Madhya Pradesh government for allotment of cement grade limestone mining lease.

    The lease if for a period of 50 years with reserves of 23.6 MT. The mining lease will be captive to cement plant of company at Satna.

    At 10:53 hrs Prism Cement was quoting at Rs 124.30, up Rs 6.30, or 5.34 percent. It has touched a 52-week high of Rs 129.10.

    It has touched an intraday high of Rs 129.10 and an intraday low of Rs 123.50.

    Posted by Sandip Das

    first published: Apr 28, 2017 11:28 am

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