Ramco Cements Chalks Out ₹850-Crore Expansion Plan
Ramco Cements Ltd. is investing ₹850-crore in an expansion programme to increase the clinkering capacity of the Jayanthipuram plant in Andhra Pradesh by 1.5 million tonnes per annum (MTPA), said a top executive. As per the plan, Kolaghat (West Bengal), Visakhapatnam and Odisha grinding units would be expanded by nearly one MTPA each respectively. The Jayanthipuram unit will be expanded by 1.50 MTPA with 27 MW of Waste Heat Recovery System. Earlier, we had set aside a capex of ₹1,095 crore and this has been increased to ₹1,930 crore due to the inclusion of Jayanthipuram expansion.
Meanwhile, the company reported a decline of 32% in its standalone net profit of ₹114.47 crore for the second quarter ended September 2018, as against ₹168.52 crore a year earlier. The fall in profit is due to cost and pricing pressure and loss of significant cement sales volume due to heavy rains in Kerala. The company recorded an 11% increase in its total income at ₹1,189.45 crore against ₹1,073.66 crore.
Ramco Cements Super Grade is a PPC grade cement manufactured as per IS 1489 (Part 1):1991. Ramco Cements Super Grade is produced either by grinding together Portland Cement clinker and pozzolona with the addition of gypsum or calcium sulphate or by intimately and uniformly blending Portland Cement and fine Pozzolana. World over Ramco Cements Super Grade is preferred due to its ability to produce a durable concrete where the life of a concrete structure is given more importance. Ramco Cements Super Grade produces less heat of hydration and offers greater resistance to the attack of aggressive waters than normal Portland Cement. Moreover, it reduces the leaching of calcium hydroxide liberated during the setting and hydration of cement.
For more updates on news, articles, features on architecture, interiors visit: www.fortunestreets.com