Prism Johnson Secures Preferred Bidder Status for Limestone Mining Lease in Madhya Pradesh
Prism Johnson Limited has been declared the 'Preferred Bidder' for a limestone mining lease in Madhya Pradesh. The lease covers 203.82 hectares in Piparhat & Kubri villages, Tehsil Maihar, District Maihar, with estimated limestone reserves of 45.21 million tonnes. This development could secure a significant long-term supply of raw materials for the company's cement production, potentially enhancing operational stability and cost-effectiveness. The announcement was made by the Directorate of Geology and Mining, Mineral Resource Department, Government of Madhya Pradesh.

*this image is generated using AI for illustrative purposes only.
Prism Johnson Limited , a prominent player in the building materials industry, has achieved a significant milestone in its expansion efforts. The company has been declared the 'Preferred Bidder' for a limestone mining lease in Madhya Pradesh, marking a strategic move to secure raw materials for its operations.
Key Details of the Mining Lease
- Location: Piparhat & Kubri villages, Tehsil Maihar, District Maihar, Madhya Pradesh
- Area: 203.82 hectares
- Limestone Reserves: 45.21 million tonnes
Official Announcement
The Directorate of Geology and Mining, Mineral Resource Department, Government of Madhya Pradesh, made the announcement. Prism Johnson promptly disclosed this development to the stock exchanges, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Implications for Prism Johnson
This preferred bidder status positions Prism Johnson to potentially secure a significant source of limestone, a crucial raw material for cement production. The substantial reserves of 45.21 million tonnes could provide the company with a long-term supply, potentially enhancing its operational stability and cost-effectiveness in the cement segment.
Next Steps
While being named the preferred bidder is a positive development, it's important to note that this is an initial step in the process. Prism Johnson will likely need to fulfill various conditions and complete necessary formalities before the mining lease is formally granted.
Market Impact
Investors and industry observers will be keenly watching how this development unfolds and its potential impact on Prism Johnson's future operations and financial performance. The ability to secure raw material sources is often viewed favorably in the building materials sector, as it can lead to better cost control and supply chain management.
Prism Johnson Limited continues to demonstrate its commitment to growth and strategic resource acquisition in the competitive building materials market. The company's proactive approach in securing raw material sources aligns with its long-term business objectives and may contribute to its market position in the coming years.
Historical Stock Returns for Prism Johnson
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.86% | -2.24% | +10.89% | +28.97% | -22.41% | +190.74% |