Ramco Cements is on track to commission the Rs 475 crore grinding unit in Vizag in Andhra Pradesh (AP) in April. The company has witnessed increase in cement sales in Kerala and West Bengal, in other states where it has operations the demand for cement has become sluggish.
In the first nine months of the current fiscal, Ramco Cements sold 56.59 lakh tonnes of cement in the domestic market as against 62.01 lakh tonnes in the corresponding nine months in the previous year. Exports amounted to 1.29 lakh tonnes (1.49 lakh tonnes), taking the total sales to 57.88 lakh tonnes in the first nine months of 2014-15 (63.50 lakh tonnes).
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.
