Prism Johnson commissions capex of ~Rs25 crores; Stock rises

29 Jul 2022 , 10:26 AM

Prism Johnson Limited has informed that the Company has set up a new manufacturing facility for Industrial Products & Natural Resources (IPNR) products at Dewas, Madhya Pradesh, on existing land available at the Company’s tile manufacturing facility, for a capex of approximately Rs25 crore, funded primarily through internal accruals.

IPNR is a business vertical of the H & R Johnson (India) (HRJ,) Division of the Company. IPNR includes manufacturing of products such as Ceramic Tiles, Sanitaryware, Glass, Lead-acid Batteries, Plastics, Cement, Paints etc. 

IPNR has also contributed to various product innovations of the HRJ Division. Alongwith Dewas, Madhya Pradesh plant, the Company also has small manufacturing capacities for IPNR products at its manufacturing plants at Pen, Maharashtra and Karaikal, Puducherry.

“The primary objective for setting up this facility is to scale up the manufacturing operations of the company”, Prism Johnson said in a regulatory filing.

At around 10:28 AM, Prism Johnson was trading at Rs120.60 per share up by Rs0.7 or 0.58% from its previous closing of Rs119.90 per share on the BSE.

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