Cement News tagged under: Ramco Cements
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. |
Ramco Cements' profits hit by rising production costs10 November 2022, Published under Cement NewsRamco Cements Ltd has reported unaudited standalone revenue of INR17,932m (US$220m) in the quarter ended 30 September 2022. This compares with INR17,793m in the previous quarter and INR15,010m in the same quarter a year earlier. Net profit in the September 2022 quarter came in at INR114.7m, down from INR1122.7m in the previous year and significantly lower than the INR5170.8m reported in the September 2021 quarter. Power and fuel costs have advanced from INR2862.5m in the September 2021 ... |
Indian profits forecast to decline14 October 2022, Published under Cement NewsIndia’s cement producers are expected to report a decline in profits for the July-September 2022 quarter, according to Mumbai-based brokerage house KR Choksey. The brokerage predicts poor results in the short-term as the industry sees a wave of consolidation taking place, along with huge capital expenditure plans announced by the industry’s leading players. KR Choksey predicts a 19.2 per cent YoY fall in net profit for UltraTech in the 2QFY22-23 with the QoQ picture showing a 33 per ... |
Ramco Cements commissions new 2.25Mta plant30 September 2022, Published under Cement NewsIndia’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clinker capacity of 2.25Mta and will serve the markets of Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and Madhya Pradesh, according to The Hindu. The plant has a 12.15MW waste heat recovery (WHR) system, 6MW of which will be commissioned in October 2022 with the remaining coming on stream in 2023. The project als... |