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The Ramco Cements Limited lays foundation stone for 3.15 MTPA cement plant at Kalavatala, Kurnool district

Posted On: 2018-12-14 13:08:54

Today the Hon'ble Chief Minister of Andhra Pradesh Shri Chandrababu Naidu laid the foundation stone for our 3.15 MTPA Green field cement plant at Kalavatala, Kolimigundla Mandal, Kurnool District at an investment of around Rs.1,500 Crores. The environment clearance has been obtained for the proposed plant. The required mining lease for the proposed plant is in place. The substantial portion of land required for plant has already been acquired by the company and the AP Government has kindly consented to allot the balance required lands for the project. This will be the State-of-the-art plant with no-emission and no-effluent discharge and it will be one of the model cement plant with the least thermal and electrical energy consumption. The plant will have the Waste Heat Recovery System (WHRS) and Thermal Power Plant for its energy requirement. It is proposed to establish a Railway line for a length of 25 KMs from Sanjamala Station to connect the plant. This cement plant is expected to be completed within 15 months from the date of all requisite statutory clearances. This project is expected to generate direct employment of 300 people and indirect employment of around 1000 people. The company is also planning to build a township for their employees in the proposed cement plant.

The company proposes to expand its clinker capacity from 3.10 MTPA to 4.60 MTPA along with Waste Heat Recovery System (WHRS) of 27 MW at its Jayanthipuram plant in Krishna District at a cost of Rs. 740 Crores. This project is expected to be commissioned in March 2020.

The company is also expanding its grinding capacity at Vizag by another 1 MTPA with the investment of Rs.250 Crores for increasing the capacity from 0.9 MTPA to 2 MTPA. It is expected to be commissioned in March 2020.

With the above investments, the capacity in the State of Andhra Pradesh would become close to 10 MTPA making the company the largest Cement Manufacturer in Andhra Pradesh.

In addition to the above investments in Andhra Pradesh, the company is also embarking upon its expansion of its grinding capacities in Eastern States viz., Odisha and West Bengal. In Odisha, the company is establishing a green field grinding plant with a capacity of 0.9 MTPA at a cost of Rs.515 Crores with Railway siding facility. This is expected to be commissioned by September 2019. The company is also expanding its grinding capacity in Kolaghat, East Midnapore district, West Bengal from 0.9 MTPA to 2 MTPA at a cost of Rs.425 Crores with Railway siding facility. This unit is expected to be commissioned in April 2019.

With the above capital expenditure plan of Rs.3,430 Crores, the Ramco Cements Limited is set to reach the cement capacity of 20 MTPA by end of year 2020. The proposed capex is expected to be funded largely through internal accruals and balance through borrowings.

The Company is actively involved in various CSR initiatives in the areas of education, personal hygiene, skill development, medical aid besides actively involving directly in the relief operations during natural calamities/disasters.

Shares of The Ramco Cements Limited was last trading in BSE at Rs.622.55 as compared to the previous close of Rs. 614.25. The total number of shares traded during the day was 41346 in over 826 trades.

The stock hit an intraday high of Rs. 628.4 and intraday low of 612.3. The net turnover during the day was Rs. 25809484.

Source: Equity Bulls

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