Prism Johnsn gets LOIs for captive solar power projects

Prism Johnson Ltd (formerly Prism Cement) has informed the Bombay Stock Exchange that it has receved letter of intents (LOIs) for development of captive solar power proojects.

These projects will be developed via special purpose vehicles at its manufacturing facilities located at Satna (Madhya Pradesh), Dewas (Madhya Pradesh), Pen (Maharashtra), Kunigal (Karnataka) and Karaikal (Puducherry) with an aggregate capacity of 22 MW.

According to the company, these captive solar power projects are likely to be commissioned in next six to eight months’ timeframe.

“The company shall invest approximately Rs eight crore in captive solar power projects towards acquiring the equity shareholding of 26 per cent in the relevant SPV,” it added.

Prism Johson further said the initiative would result in organisational cost savings and would also help the company fulfil its renewable power obligations.

Image Credit :

Research Desk

Next Post

Bids invited by NMDC to set up sub-station in Chhattisgarh

Thu Aug 23 , 2018
Bids have been invited by NMDC Limited for design, manufacture, supply, erection, testing and commissioning of 33 kv/6.6 kv/3.3 kv prefabricated containerized substation. The facility is located at Dhobighat Area of BIOM Kirandul Complex and the project will be implemented on lump sum turnkey (LSTK) basis. The last date to […]


Blog Stats