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Prism Johnson down 6% on 1,420-acre land transfer to Ramco Cements
75 on the BSE.The company anticipates that the impact of these efforts will become evident from the following year.The management also stated that Prism RMC is well-positioned to benefit from the expected recovery in demand within the Real Estate and Infrastructure sectors in the medium-term.According to Prism Johnson's statement in the exchange filing, once the definitive agreements are executed with Ramco Cements and the specified conditions are met, the transfer of the mining lease and land parcels will be completed.This move is aimed at reducing the overall power cost for the cement plant in Satna and increasing the utilization of renewable energy.

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🇮🇳 India · 🗓️ July 18, 2023 · Building Material

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Ramco Cements secures land for limestone reserve expansion
Furthermore, the Board has also given its approval for the transfer of the mining lease granted by the Government of Andhra Pradesh, previously held by Prism, to RCL.According to the agreement terms, Prism will transfer its land parcels and mining lease to RCL.The mining lease covers an area of 663.RCL's Board of Directors has approved the terms and conditions for entering into a definitive agreement with Prism to procure the land parcels, which amount to a total of 1,420.The completion of this transaction is anticipated to take place by 31 July, 2023.

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🇮🇳 India · 🗓️ July 18, 2023 · Building Material

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Self-curing Concrete: A Boon for Areas Battling Water Scarcity Issue
Water is the prime reason for the hardening of cement in concrete.Final Thoughts The introduction of E5, the self-curing additive that’s mixed with concrete for the self-curing process of concrete, is inspiring.Water is used primarily in concrete as it’s a major source of the hydration of cement.So, water plays an important part in the mixing of concrete.It also governs the hydration of cement.

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🇮🇳 India · 🗓️ July 18, 2023 · Building Material

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Prism Johnson down 6% on 1,420-acre land transfer to Ramco Cements
75 on the BSE.The company anticipates that the impact of these efforts will become evident from the following year.The management also stated that Prism RMC is well-positioned to benefit from the expected recovery in demand within the Real Estate and Infrastructure sectors in the medium-term.According to Prism Johnson's statement in the exchange filing, once the definitive agreements are executed with Ramco Cements and the specified conditions are met, the transfer of the mining lease and land parcels will be completed.This move is aimed at reducing the overall power cost for the cement plant in Satna and increasing the utilization of renewable energy.

🔗Construction World

🇮🇳 India · 🗓️ July 18, 2023 · Building Material

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Indian paints & coatings industry projected to reach Rs 1 tn in 5 years
Regarding the future outlook, Akzo Nobel India, operating in the industry through the Dulux brand, stated that the prospects of the paints & coatings industry are closely tied to the overall growth of the country's economy.The paints & coatings industry is divided into two categories: the architectural segment and the industrial segment.Furthermore, the latest annual report of Akzo Nobel India, a prominent player in the sector, stated that the margin for the paints & coatings industry would improve.The report also highlighted that the entry of several new players into the industry has made it an attractive sector.The report explained that the industrial sector's robust growth, combined with the strong fundamentals of consumer durables, automobiles, and allied industries, has driven the demand for industrial coatings.

🔗Construction World

🇮🇳 India · 🗓️ July 18, 2023 · Building Material

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