Ramco Cements plans a capex of 12 billion
Cement

Ramco Cements plans a capex of 12 billion

Ramco Cements Limited plans for total capital expenditure (capex) of Rs 12- 13 billion in the next two years to expand the capacity. Its net debt stood at Rs 38 billion 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 o...

Ramco Cements Limited plans for total capital expenditure (capex) of Rs 12- 13 billion in the next two years to expand the capacity. Its net debt stood at Rs 38 billion 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’s 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. Cement stocks have been hit recently due to a decline in demand and rising input prices for the sector. Contact: Ramco Cements Tel: 044 – 2847 8666 Website: www.ramcocements.inImages Source: Google Images

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Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

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Indian Railways Refutes Closure Speculations for Palakkad Division

Indian Railways has issued a statement refuting speculations about the closure of the Palakkad Division, aiming to address concerns and rumours circulating regarding its operational future. This assertion comes amidst heightened speculation and concerns within the railway community and local stakeholders regarding the division's fate.

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