Ramco Cements has entered into an agreement with Ramco Industries, a Related Party, for acquisition of their clinker grinding unit situated at Kharagpur, West Bengal. The proposal involves acquisition of land together with the structures and machinery erected thereon. The company will pay cash consideration of Rs 17 crore as part of the deal.
Ramco Cements is the flagship company of the Ramco Group, a well-known business group of South India. The main product of the company is Portland cement, manufactured in eight state-of-the art production facilities that includes Integrated Cement plants and Grinding units.