Ramco Cements is currently trading at Rs. 579.00, up by 4.05 points or 0.70% from its previous closing of Rs. 574.95 on the BSE.
The scrip opened at Rs. 575.50 and has touched a high and low of Rs. 579.15 and Rs. 572.05 respectively. So far 1,873 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 581.00 on 28-Jun-2016 and a 52 week low of Rs. 300.00 on 02-Sep-2015.
Last one week high and low of the scrip stood at Rs. 579.15 and Rs. 546.80 respectively. The current market cap of the company is Rs. 13,784.65 crore.
The promoters holding in the company stood at 42.30%, while Institutions and Non-Institutions held 38.21% and 19.49% respectively.
Chennai-based Ramco Cements has received Environment Clearance (EC) for expansion of its captive power plant at Alathiyur in Tamil Nadu at a cost of about Rs 21.42 crore. The company has proposed augmenting of the power generation capacity of the Captive Power Plant (CPP) at Alathiyur by adding 6 MW turbines based on air-cooled condensers, taking the total power generation to 42 MW.
The clearance has been given to the project subject to certain conditions. The company will use imported coal from Indonesia in CPP. The coal supply agreement was made in July 2014 with Devendral Coal International for the uninterrupted imported coal supply.
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. Ramco Supergrade is the most popular cement brand in South India.
