01-01-1970 12:00 AM | Source: Accord Fintech
Ramco Cements moves up on starting line III clinker manufacturing facility at R R Nagar Plant
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Ramco Cements is currently trading at Rs. 936.80, up by 9.00 points or 0.97% from its previous closing of Rs. 927.80 on the BSE.

The scrip opened at Rs. 935.00 and has touched a high and low of Rs. 941.10 and Rs. 935.00 respectively. So far 1968 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 951.25 on 15-Jun-2023 and a 52 week low of Rs. 617.05 on 29-Jun-2022.

Last one week high and low of the scrip stood at Rs. 948.35 and Rs. 917.55 respectively. The current market cap of the company is Rs. 22138.49 crore.

The promoters holding in the company stood at 42.30%, while Institutions and Non-Institutions held 43.40% and 14.30% respectively.

Ramco Cements has commissioned Line III at its Ramamasamy Raja Nagar (R R Nagar) Plant of 3,000 TPD capacity of clinkerisation. This is the first integrated cement line, commissioned in the last 15 years in the South of Tamil Nadu. The electrical energy required for this new line is being completely catered by green power from its own wind mills.

With the commissioning of Line III clinker manufacturing facility at its R R Nagar Plant, the requirement of limestone has gone up. To meet the additional requirement of limestone, it has envisaged a wet beneficiation system at its mines, by which it can beneficiate marginal grade limestone / lime Kankar into cement grade raw material for manufacture of cement clinker. 

Ramco Cements is the flagship company of the Ramco Group, a well-known business group of South India. The main product of the company is Portland cement, manufactured in eight state-of-the art production facilities that includes Integrated Cement plants and Grinding units.