Ramco Cement plans to set up cement factory in Andhra Pradesh

28 Aug 2014

Ramco Cement has proposed to set up cement factory at Kilimigundla village in Kurnool district of Andhra Pradesh with an investment outlay of Rs 1500 crore. The total investment in the cement plant and related infrastructure could go up to Rs 3000 crore, as it requires a rail line of about 20 km to facilitate transport.

In this regard, the company has requested the State Chief Minister to provide necessary land to develop the plant and also facilitate necessary clearances to develop the rail line as this would be useful for other projects in the area.

Meanwhile, the Ramco indicated that a new facility set up near Visakhapatnam would also be ready for commissioning by October 15 this year.

Ramco Cements formally known as Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Supergrade is the most popular cement brand in South India.

 

Related The Ramco Cements Ltd. Links:

The Ramco Cements Share Price

997.20 27.20 (2.80%) Mar 01, 15:57
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6377.30
ACC 1776.00
Shree Cement 27706.40
Ambuja Cement 277.90
Dalmia Bharat 1467.00
View more..
Sensex vs The Ramco Cements
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback