Ramco Cements to set up new plant in Andhra Pradesh
Published by Katherine Guenioui,
Editor
World Cement,
Ramco Cements is reportedly planning a new cement plant in Andhra Pradesh at an initial investment of Rs.1500 crore. The total investment by the end of the project is expected to be Rs.3000 crore. The group is said to have entered talks with the AP state government, which has allegedly welcomed the proposal. There has also been talk of setting up a new rail line to aid with distribution of the cement, which requires clearance from the central government.
In July, Ramco reported a slight decline in net sales/income in its results for the April – June quarter. In general, results for this quarter have been mixed among Indian cement companies, as sluggish demand and higher costs took their toll.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/29082014/ramco-cements-to-set-up-new-plant-in-andhra-pradesh-380/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
