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Ramco Cements to invest Rs 3,500 cr to boost capacity to 20 MT by 2020

The Ramco Cements Ltd had reported a 9% drop in its net profit for the year ended March 31, 2019 to Rs 505.89 cr as compared to Rs 555.66 cr in the previous fiscal

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T E Narasimhan Chennai
Ramco Cements Ltd plans to invest around Rs 3,500 crore to boost its capacity to 20 million tonnes by 2020.

Currently, the company has a capacity of 12 million tonnes across all its plants.

Speaking to reporters after launching its new premium blended cement, Ramco Supercrete, here,  P R Venketrama Raja, chaiman & managing director, The Ramco Cements Ltd, said that a major portion of its investment would be funded through internal accruals, while balance would be funded through debt.

“The uncertainty has ended and stability is back at the Centre. We expect the new government to focus on major

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First Published: May 30 2019 | 8:08 PM IST

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