Ramco Cements to spend INR8.5bn on plant expansion

Ramco Cements to spend INR8.5bn on plant expansion
27 November 2018

India’s Ramco Cements is investing INR8.5bn (US$120m) to increase capacity at its facility in Jayanthipuram, Andhra Pradesh, by 1.5Mta and construct a 27MW WHR system. The project is part of an overall expansion plan for the company.

"Currently, we have cement grinding capacity of 16.5Mta, which we plan to take to 20Mta by March 2020," said A V Dharmakrishnan, CEO of Ramco Cements.

The plan would see its Kolaghat, Visakhapatnam and Odisha grinding units each expanded by nearly 1Mta, according to The Hindu.

"Earlier, we had set aside a capex of INR10.95bn and this has been increased to INR19.30bn due to the inclusion of Jayanthipuram expansion. All the investment costs would be met through internal accruals and we might go for borrowings, if need be," said Mr Dharmakrishnan.

Published under Cement News