Ramco Cements shares gain after clinker facility goes on stream

The share touched a 52-week high of Rs 951.25 and a 52-week low of Rs 610.90 on 15 June, 2023 and 27 June, 2022, respectively.

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Ramco Cements share price gained in early trade on June 28 after the company commissioned Line III at Ramamasamy Raja Nagar plant. It has an installed 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, said Ramco Cements.

The electrical energy required for this new line is being completely catered by green power from its own wind mills.

“With the commissioning of Line III clinker manufacturing facility at our RR Nagar Plant, the requirement of limestone has gone up and to meet the additional requirement of limestone, we have envisaged a wet beneficiation system at our mines, by which we can beneficiate marginal grade limestone / lime kankar into cement grade raw material for manufacture of cement clinker,” said the company.

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The company also manufactures a plastering compound in the brand name of Ramco Eco Plast (self curing plaster) at RR Nagar. This plastering compound, once applied, does not require curing at all, saving substantial quantity of water during construction.

It also manufactures a special cement in the brand name of Ramco53 Infra Super, especially for a high-tech concrete structures, which reduces the usage of admixtures and the amount of cement thereby bringing down the overall Carbon footprint, company added further.

At 9:42am, Ramco Cements was quoting at Rs 937, up Rs 9.20, or 0.99 percent on the BSE.

The share touched a 52-week high of Rs 951.25 and a 52-week low of Rs 610.90 on 15 June, 2023 and 27 June, 2022, respectively. It is trading 1.5 percent below its 52-week high and 53.38 percent above its 52-week low.