Ramco Cements edges higher on planning to expand clinker capacity to 4.60 MTPA with WHRS

14 Dec 2018

Ramco Cements is currently trading at Rs. 625.75, up by 0.75 points or 0.12% from its previous closing of Rs. 625.00 on the BSE.

The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 640.00 and Rs. 622.05 respectively. So far 4172 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 878.95 on 23-Apr-2018 and a 52 week low of Rs. 546.30 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 640.00 and Rs. 574.30 respectively. The current market cap of the company is Rs. 14654.05 crore.

The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 38.20% and 19.05% respectively.

Ramco Cements is planning to expand its clinker capacity from 3.10 MTPA to 4.60 MTPA along with Waste Heat Recovery System (WHRS) of 27 MW at its Jayanthipuram plant in Krishna District at a cost of Rs 740 crore. This project is expected to be commissioned in March 2020.

The company is also expanding its grinding capacity at Vizag by another 1 MTPA with the investment of Rs 250 crore for increasing the capacity from 0.9 MTPA to 2 MTPA. It is expected to be commissioned in March 2020. With the above investments, the capacity in the State of Andhra Pradesh would become close to 10 MTPA making the company the largest Cement Manufacturer in Andhra Pradesh.

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.

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