The Ramco Cements on Wednesday announced that it commissioned a waste heat recovery system at newly commissioned third line in Jayanthipuram plant in the state of Andhra Pradesh.
In an exchange filing, Ramco Cements said that out of the two boilers in the waste heat recovery system of third Line, the boiler at the cooler namely, Air Quenched Boiler has been commissioned.The company said that now it is capable of generating 5 MW Of additional power from waste heat. This will augment in total power available from waste heat to 21 MW, out of total possible generation of 24 MW. The other boiler namely the preheater boiler of the third line will be commissioned in June 2022.
The Ramco Cements is engaged in making portland cement, ready mix concrete and dry mortar products, and operates wind farms. The cement maker recorded a consolidated net profit of Rs 515.84 crore in Q2 FY22, which is significantly higher as compared with a net profit of Rs 243.52 crore in Q2 FY21. Total income increased by 18.6% YoY to Rs 1510.33 crore during the quarter.
Shares of The Ramco Cements were trading 0.07% lower at Rs 992.25 on BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app