Ramco Cements to Expand Cement Capacity
The Ramco Cements Ltd., the flagship company of the Ramco Group, is planning to expand its production capacity to 20 million tonnes per annum (MTPA) by FY22. As per the earlier plan, Ramco Cements decided to expand clinkering capacity at Jayanthipuram from 3 MTPA to 4.5 MTPA before March 2021, set up a plant in Kurnool with a clinkering capacity of 2.25 MTPA and cement capacity of 1 MTPA, a thermal power plant and waste heat recovery plant (WHRP) before March 2021. Things got delayed due to COVID-19. At Jayanthipuram plant, plan was to install 27 MW of WHRP in all the three lines of clinker manufacturing. The first two lines have been commissioned and the third will become operational by Q1 of FY22. Till now, Ramco Cements had incurred capital expenditure worth ?2,500 crore out of the planned ?3,600 crore for FY21. The balance would be expended in the next fiscal. The capital expenditure for the Kurnool plant would be ?300 crore and work would be completed by FY22.