Cement News tagged under: Ramco Cements
Ramco Cements posts financial results for 2QFY24-2514 November 2024, Published under Cement NewsRamco Cements Ltd (India) has shared financial results for the 2QFY24-35, highlighting that the company is on track to achieve its asset monetisation target as previously committed. The company has stated that the 2QFY24-25 results exceeded expectations. Sales were reported at INR20.4bn (US$242.1m) for the quarter, down 2.4 per cent from the 1QFY14-25, and down 12.7 per cent from INR23.4bn the same period in the previous year. The company has reported sales volumes of 4.5Mt for the quar... |
Ramco Cements invests US$7m in 1Mta capacity upgrade23 September 2024, Published under Cement NewsThe Ramco Cements Ltd announced it has increased its cement capacity by nearly 1Mta following the debottlenecking of cement capacity at its Kalavatala plant in Andhra Pradesh, India. The project has increased capacity at the cement works to 2Mta from 1.5Mta. In addition, the company’s Valapaadi grinding unit in Salem District, Tamil Nadu, also improved its efficiency, resulting in an increase in capacity from 1.6Mta to 2Mta, according to the Economic Times. "The company's total ceme... |
Ramco Cements sees 55% fall in net profit26 July 2024, Published under Cement NewsThe Ramco Cements Ltd reported a 55 per cent fall in net profit to INR355m (US$4.24m) during the quarter ended 30 June 2024, compared to INR793m in the same quarter of 2023. The company’s net revenue decreased by seven per cent in the first quarter of FY24-25 to INR20.97bn, down from INR22.49bn in the same period of FY23-24. During the first quarter of FY24-25, sales volume was 4.4Mt, compared to 4.3Mt in the April-June quarter of 2023. This was due to weak demand amid general electi... |
Ramco Cements opens new cargo terminal13 March 2024, Published under Cement NewsRamco Cements has inaugurated its new Gati Shakti Cargo Terminal at Jayanthipuram in Andhra Pradesh, India. The terminal will enable Ramco to transport crushed limestone from its mines in Budawada to its cement plant in Jayanthipuram. It also marks the first time an Indian cement producer has used electric locomotives to transport its limestone to its plant. The railway wagons loaded with crushed limestone from the Budawada mines will travel a distance of 8.3km to the Jayanthipuram pla... |
Ramco Cements commissions WHRS at Kolimigundla06 September 2023, Published under Cement NewsRamco Cements has announced the successful commissioning of its 12MW waste heat recovery system (WHRS) at its Kolimigundla plant in India. This takes the company’s total WHRS capacity to 43MW. The company also has 166MW of wind power capacity. According to Ramco, the share of green power is expected to reach 45 per cent of its total energy consumption as part of its ongoing efforts to reduce its reliance on fossil fuels and minimise greenhouse gas emissions. |
Prism Johnson transfers land and mining lease to Ramco Cements10 July 2023, Published under Cement NewsPrism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 acres. Prism Johnson is also transferring a mining lease granted by the Government of Andhra Pradesh covering 663 acres to Ramco Cements Ltd, reports Realty Plus. According to Prism Johnson, it originally purchased the land parcels to set up a greenfield cement plant but has subsequently decided that its “curre... |
Ramco Cement commissions Line 3 at Raja Nagar30 June 2023, Published under Cement NewsRamco Cements has commissioned Line 3 at its Ramamasamy Raja Nagar plant in Tamil Nadu, India. This marks the first integrated cement line in the region in the last 15 years, according to Construction Week. Commissioned one month ahead of schedule, the new line’s electricity requirement will be met from Ramco’s own wind farm. Line 3 will not only produce Ramco’s special cement, Ramco 53 Infra Super, used for high-tech concrete structures, which reduces the use of admixtures and the qu... |
Ramco Cements reports 51% advance in sales22 May 2023, Published under Cement NewsIndia’s Ramco Cements Ltd has reported sales of INR25.59bn (US$309.3m) in the quarter ended 31 March 2023 (4QFY22-23), marking a YoY increase of 51 per cent. Sales of cement and dry mortar products rose a comparable 46 per cent to 4.7Mt over the same period. According to the company, the growth is being driven by an uptick in infrastructure projects, which has helped offset weaker prices in the south of the country. Profit after tax in the March 2023 quarter came in at INR1.52bn, up f... |
Power and fuel costs hit profits at Ramco Cements09 February 2023, Published under Cement NewsRamco Cements Ltd has reported revenue of INR20,180.9m (US$244.3m) in the quarter ended 31 December 2022. This compares to INR17,932m in the previous quarter and INR15,558.8m in the same quarter a year earlier. Net profit after tax fell from INR825.7m in the December 2021 quarter, to INR673.9m in the same period a year later, while basic earnings per share declined from INR3.49 to INR2.85. Over the nine months ended 31 December 2022, revenue came in at INR55,906.8m, up from INR42,915.8... |
Work begins on Ramco Cement's expansion28 December 2022, Published under Cement NewsWork has reportedly begun on the second production line at Ramco Cement ’s grinding plant in Haridaspur , Jaipur District, Odisha, India. The US$16m expansion project will increase capacity at the plant from 0.9Mta to 1.8Mta. The company received environmental clearance for the new line in May 2022 and expects the project to be completed in the 1QFY25. |