In order to expand the capacity, Ramco Cements is reportedly planning a total capex of Rs 1,200-1,300 crore over the next two years. The company’s net debt stood at Rs 3,800 crore as of FY22 and it plans to repay Rs 500 crore debt in FY23 whereas it targets to become net debt-free by FY26 if no other major capex is planned.
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.
