Ramco Cement Stock Dips Despite Production Ramp-Up

3 Apr 2024 , 10:23 AM

Despite commencing Line II and initiating commercial production at its grinding unit in Haridaspur, Odisha’s Jajpur district, shares of Ramco Cement traded slightly lower on April 3.

At the time of writing, Ramco Cements were priced at ₹854.25, experiencing a 0.73% decline on the BSE.

Line II adds a manufacturing capacity of 0.90 million tonnes per annum (MTPA), resulting in a total capacity of 1.8 MTPA for the Odisha Grinding Unit.

Ramco Cement’s stock reached a 52-week high of ₹1,057.85 and a low of ₹715.40 on December 14, 2023, and April 24, 2023, respectively. Presently, it trades 19.32% below its 52-week high and 19.3% above its 52-week low.

With a heritage spanning over six decades, Ramco Cements stands as a prominent cement manufacturer in India. Renowned for innovation and sustainability, the company has expanded its presence nationwide, catering to diverse customer needs through advanced manufacturing processes and a robust R&D team.

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