Ramco Cements gains on commissioning waste heat recovery turbine of additional 2 MW capacity
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Ramco Cements is currently trading at Rs. 967.55, up by 1.85 points or 0.19% from its previous closing of Rs. 965.70 on the BSE.
The scrip opened at Rs. 983.90 and has touched a high and low of Rs. 983.90 and Rs. 955.20 respectively. So far 2381 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1059.80 on 16-Dec-2024 and a 52 week low of Rs. 700.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 999.95 and Rs. 951.60 respectively. The current market cap of the company is Rs. 22849.47 crore.
The promoters holding in the company stood at 42.29%, while Institutions and Non-Institutions held 40.86% and 16.85% respectively.
Ramco Cements has commissioned a Waste Heat Recovery Turbine of additional 2 MW capacity at its Alathiyur cement plant. This turbine has been commissioned on December 31, 2024.
With the commissioning of the above 2 MW turbine, the waste heat power generating capacity of its Alathiyur cement plant has gone up from 2 MW to 4 MW and the company's overall waste heat power generating capacity has gone up from 43.15 MW to 45.15 MW.
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.
