Chennai: Ramco Cements to invest Rs 3,500 crore to enhance capacity to 20 MT by 2020
Chennai: Ramco Cements Ltd, which has announced the launch of the first crack-free cement – supercrete, in the Indian market, said it has planned to invest about Rs 3,500 crore to enhance its capacity to 20 million tonnes by 2020.
At present, the company has a capacity of 12 MT across all its plants.
A major portion of its investment would be funded through internal accruals, while balance would be funded through debt. Speaking to reporters after launching its new premium blended cement, Ramco Supercrete, here on Thursday, P. R. Venketrama Raja, chaiman & managing director, The Ramco Cements Ltd, exuded confidence that the BJP government at the Centre would focus on major infrastructure projects that will spur growth in the cement sector.
“The uncertainty has ended and stability is back at the Centre. We expect the new government to focus on major infrastructure projects which would spur growth in the cement sector,” he said.
According to A. V. Dharmakrishnan, CEO, The Ramco Cements Ltd during the current fiscal, while the cement industry was likely to report a 7 – 8 % growth, Ramco Cements was expected to post a 10 to 12 % growth. “Our expansion programme is on track. The West Bengal unit is already on stream. We expect Odisha plant is expected to be ready by October. Vishakapatnam plant will be ready by December, Jayanthipuram by July 2020 and Kurnool by March 2021,” he added.
The new premium blended cement – Ramco supercrete provides an excellent alternative for 53 grade as it not only provides excellent strength but excellent durability too. Unlike other high strength cement, Ramco Supercrete has been engineered to be a crack resistant cement with excellent workability. “Being a blended cement, it is an environment friendly cement too,” said P. R. Venketrama Raja.
“Ramco Supercrete is packed in very attractive BOPP bags that ensures no spillage and therefore ensures a clean environment. It will clearly address the requirements of the premium segment in the market,” said Balaji K. Moorthy, executive president (marketing).
