Ramco Cements surges on getting government`s nod for quartzite mineral in existing mining lease
The Ramco Cements is currently trading at Rs 1087.25, up by 30.20 points or 2.86% from its previous closing of Rs 1057.05 on the BSE.
The scrip opened at Rs 1063.00 and has touched a high and low of Rs 1093.25 and Rs 1063.00 respectively. So far 11454 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 1206.60 on 31-Jul-2025 and a 52-week low of Rs 788.75 on 12-Mar-2025.
Last one week high and low of the scrip stood at Rs 1093.25 and Rs 1043.55 respectively. The current market cap of the company is Rs 25656.63 crore.
The promoters holding in the company stood at 42.56%, while Institutions and Non-Institutions held 40.03% and 17.43% respectively.
The Ramco Cements has received approval from Government of Andhra Pradesh, for the purpose of including Quartzite Mineral in the existing mining lease for limestone held by Company. The quartzite proposed to be extracted is intended to be utilised for manufactured sand and pozzolanic additives in the cement industry, or for any other industrial use that may arise in future. The said approval is valid upto March 10, 2053, subject to satisfaction of all terms and conditions laid down under MM (D&R) Amendment Act, 2015 and other standing instructions, guidelines, issued by Government of India and State Government, from time to time.
The Ramco Cements is the flagship company of the Ramco Group, a well-known business group of South India, and engaged in manufacture of Cement, Ready Mix Concrete and Dry Mortar products.
