Ramco Cements reports 11% revenue increase in FY18

Ramco Cements Ltd has announced an 11 per cent YoY increase in revenue for FY18, rising to INR44.43bn (US$649.71m) from INR39.93bn of the previous year. However, its stand-alone profit after tax fell 14 per cent to INR5.56bn (FY17: INR6.49bn). In the same period, the company reported an 11.5 per cent rise in cement sales to 9.31Mt.

Upcoming projects
Ramco Cements also noted that its upcoming capacity expansion projects will all be commissioned in the 2019-20 period. This includes the third line at its Jayathipuram plant, which will add 1.5Mta of clinker capacity at an investment cost of INR6.8bn.

The expansion of grinding units in Visakhapatnam and Kolaghat, alongside a new grinding unit in Odisha, are also showing progress. The total investment cost of these grinding projects is estimated at INR10.95bn.