On June 28, Ramco Cements’ share price gained in early trade after the firm commissioned Line III at the Ramamasamy Raja Nagar plant. It has a connected capacity of 3,000 TPD of clinkerisation.
This is the first integrated cement line commissioned in the last 15 years in the south of Tamil Nadu.
The electrical energy essential is totally catered by green power from its own windmills.
The business also manufactures a plastering compound under the Ramco Eco Plast (self-curing plaster) brand at RR Nagar. This plastering compound doesn’t require curing after being applied once, saving a substantial quantity of water during construction.
It also manufactures a special cement under the Ramco53 Infra Superbrand, particularly for high-tech concrete structures, reducing the usage of admixtures and the cement amount, thereby reducing the overall Carbon footprint.
At 9:42 am, Ramco Cements was trading at Rs 937, up Rs 9.20, or 0.99% on the BSE.
The share moved a 52-week high of Rs 951.25 and a 52-week low of Rs 610.90 on June 15 2023, and June 27 2022, respectively.
It trades 1.5% below its 52-week high and 53.38% above its 52-week low.