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Ramco Cements rises on commissioning 9 MW Waste Heat Recovery Plant

14 Sep 2020 Evaluate

Ramco Cements is currently trading at Rs. 712.00, up by 9.75 points or 1.39% from its previous closing of Rs. 702.25 on the BSE.

The scrip opened at Rs. 708.85 and has touched a high and low of Rs. 719.30 and Rs. 708.85 respectively. So far 1230 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 883.30 on 27-Jan-2020 and a 52 week low of Rs. 456.50 on 08-Apr-2020.

Last one week high and low of the scrip stood at Rs. 727.10 and Rs. 681.90 respectively. The current market cap of the company is Rs. 16559.00 crore.

The promoters holding in the company stood at 42.66%, while Institutions and Non-Institutions held 36.76% and 20.58% respectively.

Ramco Cements has commissioned a 9 MW Waste Heat Recovery Power Generating Plant at its Jayanthipuram Plant in September 2020. The company is in the process of installing two more 9 MW Waste Heat Recovery plants which would be commissioned in the months to come. This would help the company to economize its operations and reinforce its commitment towards environment protection.

Besides, the Company is in the process of establishing a new cement plant at Kolumigundla, Kurnool District, Andhra Pradesh with a clinkerisation capacity of 2.25 million tonnes per annum and cement manufacturing capacity of 1 million tonnes per annum. This project will also have a waste heat recovery system of 12.15 MW capacity. On commissioning of the said waste heat recovery systems, the company’s aggregate capacity of waste heat recovery plants would be 39.15 MW.

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.

The Ramco Cements Share Price

1011.45 10.30 (1.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
View more..

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