On
December 9, 2023, The Ramco Cements Ltd. (RCL) declared a notable enhancement
in the clinkering capacity of its Kolimigundla cement plant in the Nandyal
district of Andhra Pradesh, augmenting it by 0.65 million tonnes per annum
(mtpa) through the de-bottlenecking of its pyro processing system. Operating at
full capacity, the Kolimigundla plant's revised clinkerisation capacity now
stands at an impressive 3.15 mtpa.
Simultaneously,
RCL is set to commission the expansion of dry mix product capacity in Andhra
Pradesh and Odisha in December 2023. Additionally, the expansion of the
grinding plant in Odisha, increasing its capacity from 0.9 mtpa to 1.8 mtpa, is
expected to be operational by January 2024.
For
the fiscal year 2024, RCL has allocated USD 191.89 million for capital
expenditures, and it plans to invest between USD 23.99 million and USD 29.98
million in fiscal year 2025 for ongoing projects. During the September quarter,
the company executed a capital expenditure of USD 112.86 million, which
included the acquisition of limestone-bearing lands in Andhra Pradesh and
Karnataka.
In
terms of sales performance, during the first half of the year, RCL successfully
sold 8.91 million tonnes of cement and aims to surpass the 18 million tonnes
mark for the entire fiscal year.
Headquartered
in Chennai, Tamil Nadu, Ramco Cements Limited is an integral part of the Ramco
Group, a conglomerate with diverse business interests. Since its inception in
1957, the company has played a pivotal role in shaping the infrastructure
landscape of the region and beyond, amassing a legacy spanning over six
decades.
Renowned
for its commitment to quality and innovation, Ramco Cements offers a
comprehensive product portfolio tailored to meet various construction needs.
From Portland cement to blended varieties, the company's products are
synonymous with durability, strength, and adherence to international quality
standards. These cements contribute significantly to the development of
critical infrastructure projects across the country.
Central
to the success of Ramco Cements is its reliance on technologically advanced
production facilities. With multiple strategically located cement plants across
India, equipped with cutting-edge machinery and adhering to stringent
environmental and safety standards, the company maintains a steadfast
commitment to operational excellence, ensuring efficient and sustainable
production processes.
At
the forefront of innovation in the cement industry, Ramco Cements is proactive
in recognizing the importance of sustainability in today's business landscape.
The company has implemented initiatives aimed at minimizing its environmental
footprint, including the adoption of eco-friendly manufacturing practices and
investments in renewable energy sources, demonstrating a commitment to
responsible and sustainable business operations.
With
a robust market presence, particularly in South India, Ramco Cements continues
to be an integral player in various construction projects, from residential
buildings to large-scale infrastructure endeavors. Focused on quality and
customer satisfaction, the company has garnered a loyal customer base and
actively explores opportunities for expansion both domestically and
internationally.