Ramco Cements plans for at least Rs 1,200 cr capex in two years

10 Jun 2022 CW Team

Ramco Cements Limited told the media that the company plans for total capital expenditure (capex) of Rs 1,200-1,300 crore in the next two years to expand the capacity.

Its net debt stood at Rs 3,800 crore as of FY22, and it plans to repay Rs 500 crore debt in FY23. The company aims to become net debt-free by FY26 if no other major capex is planned.

The company told the media that at its Kurnool plant, trial production of clinker is ongoing, and the clinkering capacity has increased to 13.65 million tonnes per annum (mtpa). The cement grinding facility, including 6 MW of Waste Heat Recovery System (WHRS) and 18 MW thermal power plant (TPP), will be commissioned during the second quarter (Q2) of FY23. Another 1-1.5 mtpa grinding capacity will come up in Karnataka at a capex of Rs 300-305 crore, with an ongoing land acquisition process.

The company won the limestone mine in Karnataka at a 25% premium from the base price, lower than the recent bids. These mines can be used for the integrated plant to be come up in the state. The mine can be used to feed the grinding unit in Maharashtra.

The company said the near-term scenario could sharply raise inflation costs and lag cement price increase. The average Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) per tonne of the past 10-12 years can be a sustainable profitability range.

It said that the price increase in the east is sustaining, while in the south, prices have dropped from the peak levels. The company proposes to take Rs 20-25 per bag, with the price increase in the south during June due to the hike in fuel prices.

In April and May, the company experienced robust demand on the low–base due to the second wave of the Covid-19 pandemic. However, the demand started to improve as infrastructure projects gained momentum in recent months. The industry could grow by 10%, whereas it is likely to achieve a volume growth of 15% in FY23.

Image Source

Also read: Ramco Cements to utilise green energy for clinker production

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Ramco Cements Limited told the media that the company plans for total capital expenditure (capex) of Rs 1,200-1,300 crore in the next two years to expand the capacity. Its net debt stood at Rs 3,800 crore as of FY22, and it plans to repay Rs 500 crore debt in FY23. The company aims to become net debt-free by FY26 if no other major capex is planned. The company told the media that at its Kurnool plant, trial production of clinker is ongoing, and the clinkering capacity has increased to 13.65 million tonnes per annum (mtpa). The cement grinding facility, including 6 MW of Waste Heat Recovery System (WHRS) and 18 MW thermal power plant (TPP), will be commissioned during the second quarter (Q2) of FY23. Another 1-1.5 mtpa grinding capacity will come up in Karnataka at a capex of Rs 300-305 crore, with an ongoing land acquisition process. The company won the limestone mine in Karnataka at a 25% premium from the base price, lower than the recent bids. These mines can be used for the integrated plant to be come up in the state. The mine can be used to feed the grinding unit in Maharashtra. The company said the near-term scenario could sharply raise inflation costs and lag cement price increase. The average Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) per tonne of the past 10-12 years can be a sustainable profitability range. It said that the price increase in the east is sustaining, while in the south, prices have dropped from the peak levels. The company proposes to take Rs 20-25 per bag, with the price increase in the south during June due to the hike in fuel prices. In April and May, the company experienced robust demand on the low–base due to the second wave of the Covid-19 pandemic. However, the demand started to improve as infrastructure projects gained momentum in recent months. The industry could grow by 10%, whereas it is likely to achieve a volume growth of 15% in FY23. Image Source Also read: Ramco Cements to utilise green energy for clinker production

Infrastructure Transport

02 Sep 2025

AXISCADES Secures USD 1.2 Mn Orders in Aircraft Interiors

AXISCADES Technologies Ltd, a leading technology solutions company serving the aerospace and defence sectors, has announced two significant pilot orders worth USD 1.2 million in the aircraft cabin interiors segment. The orders have been awarded by a global aerospace original equipment manufacturer (OEM) and a renowned aircraft cabin interior company headquartered in Europe and the USA.These contracts mark AXISCADES’ strategic expansion into the design, development, and retrofit of aircraft interiors, a high-growth area driven by increasing demand for cabin modernisation and enhanced passenge..

Infrastructure Urban

02 Sep 2025

Fortis Leases 200-Bed Hospital in Greater Noida

Fortis Healthcare Ltd has announced that its wholly owned subsidiary, International Hospital Ltd (IHL), has entered into a 15-year lease agreement with RR Lifesciences Ltd for a 200-bed operational multi-specialty hospital in Greater Noida. Previously managed by Fortis under an operations and management (O&M) arrangement since October 2022, the facility will now function as Fortis Hospital Greater Noida under the company’s direct operational and financial control.The hospital, located on a 1.35-acre UPSIDA-leased land parcel with a built-up area of 270,000 sq. ft., has scope for expandin..

Infrastructure Urban

02 Sep 2025

Syrma SGS, Elemaster Launch JV for Rail, Medtech Electronics

Syrma SGS Technology Ltd, a prominent Indian electronics systems design and manufacturing company, has entered into a joint venture with Italy-based Elemaster S.p.A Tecnologie Elettroniche, a global leader in electronics design and manufacturing. The JV will operate under Syrma SGS Design and Manufacturing Pvt Ltd, soon to be renamed Syrma SGS Elemaster Pvt Ltd.This strategic partnership aims to establish a dedicated India-focused platform serving high-reliability sectors such as railways, industrial electronics, and medical technology. The initial manufacturing unit will be located in Bommasa..