Prism Cement's step-down joint venture, Sanskar Ceramic has successfully completed the expansion of 4.2 million m2 (MSM) per annum Vitrified Tiles capacity at its Dhuva plant, Morbi. The commercial production commenced from June 21, 2017.
With this expansion, the company would be able to reduce outsourcing of Vitrified Tiles from third party sources and become more self-reliant. The capacity of Sanskar now stands at 2.3 MSM of wall tiles and 4.2 MSM of Vitrified Tiles.
The overall capacity of H&R Johnson (India), a Division of Prism Cement, along-with its joint ventures and subsidiaries would stand at over 65 MSM per annum.
Shares of the company gained Rs 3.4, or 2.9%, to trade at Rs 120.50. The total volume of shares traded was 25,640 at the BSE (10.19 a.m., Thursday).