Cement News tagged under: Ramco Cements
Ramco Cements commissions WHR system25 November 2021, Published under Cement NewsIndia’s Ramco Cements has commissioned a new waste heat recovery system for the third line of its Jayanthipuram plant in Andhra Pradesh. Out of the two boilers in the WHR system of the third line, the air-quenched boiler at the cooler has been commissioned, according to a company release. It is expected to increase total available power from waste heat to 24MW from 21MW. The preheater boiler at the third line will be commissioned in June 2022. |
Ramco Cements announces 19% increase in revenue27 October 2021, Published under Cement NewsIndia’s Ramco Cements has posted an 18.7 per cent YoY increase in consolidated revenue to INR15.03bn (US$200.1m) in the quarter ending September 2021. The company was reportedly supported by better volumes and pricing in the light of strong cement demand. Net profit surged 111.8 per cent to INR5.16bn from INR2.44bn in the July-September 2020 period. |
No stopping India's cement capacity rise20 August 2021, Published under Cement NewsIndia is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu... |
Ramco Cements posts 47% rise in net profit25 May 2021, Published under Cement NewsIndia’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. Net revenue advanced 17 per cent YoY to INR16.40bn from INR14bn in the 4QFY19-20, while EBITDA increased 58 per cent from INR2.91bn to INR4.59bn. Ramco’s cement sales were also up to 3.21Mt from 2.93Mt. However, in the full-year period, cement sales declined 11 per cent YoY to 9.98Mt from 11.2Mt. Revenue decreased 1... |
Ramco Cements sees 4% rise in revenue05 February 2021, Published under Cement NewsIndia’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of... |
Ramco Cements posts 40% increase in net profit04 November 2020, Published under Cement NewsIndia’s Ramco Cements has reported a 40 per cent YoY increase in net profit to INR2.36bn (US$31.69m) for the second quarter of the FY20-21. However, revenue was down 4.6 per cent to INR12.65bn from INR13.26bn in the corresponding period of the previous fiscal. EBITDA surged 48 per cent YoY to INR4.5bn from INR3.04bn, on the back of improved margins. During the quarter, the stability in cement prices, improved sale of its flagship products and premium products in the trade segment played ou... |
Ramco Cements inaugurates new grinding unit09 October 2020, Published under Cement NewsIndia’s Ramco Cements has commissioned its new 0.9Mta grinding unit in Odisha. The plant represents an investment of INR7.1bn (US$97m). The company had been marketing around 1Mt of cement each year in Odisha, with the product being delivered from its manufacturing facilities in Andhra Pradesh. The unit uses German machinery and is equipped with energy-efficient motors and automatic packing machines capable of continuous operation and dispatch, according to the New Indian Express. |
Ramco Cements installs new 9MW WHR unit14 September 2020, Published under Cement NewsIndia’s Ramco Cements has commissioned a 9MW waste heat recovery unit at its Jayanthipuram cement plant in Andhra Pradesh. Two more 9MW waste heat recovery systems are being installed at Jayanthipuram and are expected be commissioned in the coming months. "The installation of waste heat recovery systems in our plants will help us reduce the power cost. Besides savings in power cost, it also reduces CO 2 emission substantially, which will have a positive impact on the environment," said A... |
Ramco Cements aims to be debt-free in three years14 August 2020, Published under Cement NewsIndia’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few months were impacted by COVID-19 related lockdown, the remaining months would see slower pick up as majority of Government spending gets channelised towards healthcare and supporting weaker sections of society," said A V Dharmakrishnan, CEO. "Our priorities will be to efficiently market products and to become a debt-free ... |
Ramco Cements posts 18% profit increase in FY19-2022 June 2020, Published under Cement NewsIndia’s Ramco Cements recorded a 13.2 per cent YoY decline in consolidated net profit to INR1.43bn (US$18.8m) during the 4QFY19-20, compared with INR1.65bn in the year-ago period. Consolidated revenue also fell 9.2 per cent YoY to INR14.04bn from INR15.46bn. However, the company posted an 18.4 per cent rise in net profit to INR6.02bn for the full FY19-20 period, against INR5.11bn in the previous fiscal. Revenue advanced 4.5 per cent YoY to INR54.23bn from Rs51.87bn. In FY19-20, cement ... |