Cement News tagged under: Ramco Cement
Ramco Cements reports YoY profit advance13 November 2023, Published under Cement NewsThe Ramco Cements Ltd recorded total income of INR23,427.9m (US$281.3m) in the quarter ended 30 September 2023. This compares to INR22,489.m in the previous quarter and INR17,932m in the same period a year earlier. Net profit after tax has advanced from INR114.7m in the quarter ended 30 September 2022 to INR1013m in the corresponding period in 2023, while earnings per share improved from INR0.48 to INR4.28 over the same timeframe. Total expenses also increased, up from INR17,771.8m in t... |
Targeting digital innovation12 July 2019, Published under Cement NewsThis week, LafargeHolcim announced that it is launching its 'Plants of Tomorrow' project. The implementation of the Internet of Things (IoT) and smart technology is already having a big impact on the thinking of what can be achieved in the way of cost reductions and efficiency gains for the cement sector. Manufacturing companies have been quick to embrace cloud technology, although controlling the budget spend is often a challenge. Findings of a Nutanix Enterprise Cloud report recently s... |
Ramco orders three Loesche mills16 July 2018, Published under Cement NewsRamco Cement Ltd (RCL) has ordered three Loesche vertical roller mills to grind clinker and/or slag for three of its Indian cement plants. For each cement plant, one vertical roller mill type LM41.2+2 CS with two grinding rollers and two support rollers with a power range of 3000kW and a capacity of 130tph has been ordered to grind Portland pozzolana cement (PPC). One of the two VRMs is to be installed in Kolaghat, West Bengal, (northeast India, approximately 50km from Calcutta), where RCL ... |
Ramco Industries to sell Kharagpur grinding unit07 March 2018, Published under Cement NewsRamco Industries Ltd has agreed with The Ramco Cements Ltd, a related party, for the sale of its clinker grinding unit in Kharagpur, West Bengal. The revenue contribution of the said unit was INR30,470m (US¢469m) - four per cent of Ramco Industries Ltd's revenue. The buyer will provide cash consideration of INR170m (US$36.1m) as part of the deal. |
Plans for new Jajpur plant result in protests23 February 2018, Published under Cement NewsRamco Cement Ltd’s plans to establish a new cement plant in Jajpur district, Odisha, India, have resulted in 1500 local villagers organising a protest. The villagers demanded that the project be stopped, according to The Pioneer. "Most of the residents of Haridaspur, Sundaria, Neulaur, Thanual, Arua, Gangdharpur, Palara, Dankari and other villages are poor farmers. They have been eking out their livelihoods by cultivating paddy and other crops. Their paddy fields will be destroyed by the ... |
India: Ramco mine expansion dispute23 September 2016, Published under Cement NewsA public hearing convened to discuss the expansion of a limestone mine belonging to a private cement plant owned by Ramco Cement in Sendurai, Tamil Nadu, was interrupted by attendees protesting the plans. Police removed 13 people who threw chairs and objected the proposal. The commotion began when a group of people barged into the meeting, complaining that they had not been given the opportunity to attend despite living in and around Thamaraipoondi, the village where the mine will be loca... |
India: Petron Engineering wins contract from Ramco18 December 2015, Published under Cement NewsMumbai-based Petron Engineering Construction Ltd has informed the local stock exchange earlier this week that it has received a Letter of Intent from Ramco Cements for civil and mechanical works relating to the upgrade of Ramco’s Line 1 and a captive power plant at its Jayanthipuram works in the Krishna District of Andhra Pradesh, India. The contract is valued at INR225m (US$3.4m). Ramco Cements Ltd (RCL) (formerly Madras Cements Ltd) has a production capacity of 14.45Mta from its eight cem... |
India: Ramco to set up new Andhra Pradesh plant02 September 2014, Published under Cement NewsChennai-based Ramco Group is planning to establish a cement plant in Kurnool district, Andhra Pradesh (AP). A Ramco delegation headed by company Vice Chairman, PR Venkata Ramaraja, met with AP Chief Minister N, Chanadrababu Naidu, and indicated an interest to set up the cement plant with an investment outlay of INR5bn. The Ramco team requested the State Chief Minister provide necessary land to develop the plant and to facilitate the necessary clearances to develop the rail line as this... |
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