Ramco Cements targets Rs 7,500 crore revenue

Ramco Cements Ltd executive director (marketing) Balaji K Moorthy has said the company, which clocked Rs 5,146 crore revenues during the last fiscal, expects to touch the Rs 7,500 crore mark by the end of next financial year, backed by the capacity expansion.

Speaking to reporters, he said, “Our current capacity is 12.5 million tonnes per annum. Once the current expansion plans are completed, we expect the revenues to touch Rs 7,500 crore by FY21. Bulk of the capacity (expansion) will come this year and rest during the next year.”

Balaji further said Ramco Cements Ltd is setting up a 3.15 MTPA green field cement plant in Kalavatala Village, Kolimagandla Mandal, Kurnool district in Andhra Pradesh with an investment of around Rs 1,500 crore.

He added that they have launched Ramco Supercrete cement, an environment friendly and high strength cement for crack-free concrete in Andhra Pradesh and Telangana.

He said the Chennai-based company would become the largest Cement Manufacturer in Andhra Pradesh with the latest capacity addition plans.

Image Credit : images.financialexpress.com

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