Ramco Cements to increase production capacity at Haridaspur plant

10 Nov 2022 , 09:28 AM

Ramco Cements Ltd. would install a second line at its grinding facility in Odisha. The proposed line, according to the business, will have a capacity of 0.90 million tonnes per annum (mtpa), and after commissioning, the Haridaspur unit’s total capacity will be 1.80 mtpa.

The company said cement manufacturing started in September at its Kolimigundla plant in Andhra Pradesh. With a clinker capacity of 14 mtpa, its cement production capacity has increased to 21 mtpa.

According to the firm, the two units in Tamil Nadu that make up the expansion of the dry motor factory are ready for commissioning, and the two units in Andhra Pradesh and Odisha will be commissioned during FY24.

The company spent Rs. 986 crores on CAPEX in the first half of the current fiscal year and has plans to spend Rs731 crore more in the second half and Rs892 crore more in FY24.

The waste heat recovery system (WHRS) in Kolimigundla, Andhra Pradesh, will be put into operation for 6 MW this month, and the remaining 6 MW will go into operation in March 2023. According to the firm, the 18 MW thermal power plant and railroad siding will be operational in 2023—2024.

With revenues of Rs1,793.20 crore (PY Q2: Rs 1,501.03 crore) and a net profit of Rs11.47 crore, the company ended the second quarter (Rs 517.08 crore). The company sold 33.11 lakh tonnes of cement during the period under consideration, and % of its capacity was used.

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