You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Ramco Industries resumes operations at Winterpet facility from Sept. 23

Capital Market 

Ramco Industries intimated that the operations of its factory situated at Winterpet, Arakkonam in Tamil Nadu had resumed on Thursday, 23 September 2021.

On Friday, 17 September 2021, an accident had occurred in the factory of Ramco Industries, situated at Winterpet, Arakkonam in Tamil Nadu. In the accident, four workmen were injured and were admitted to the hospital. Two workmen had since passed away on the 21st and 22nd September 2021 respectively, while the other two workmen were recovering.

The production in factory had been temporary disrupted following the incident. Ramco Industries had further clarified that the company had adequate insurance coverage and had intimated the insurance company regarding the same.

Ramco Industries' consolidated net profit jumped 21% to Rs 42.25 crore on a 37.6% surge in net sales to Rs 418.13 crore in Q1 FY22 over Q1 FY21.

Shares of Ramco Industries declined 2.86% to end at Rs 295.75 on Friday. Ramco Industries is one of the leading building materials manufacturers in South Asia.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, September 25 2021. 12:39 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU