Ramco Cements to expand cement capacity
The Ramco Cements is planning to expand its production capacity to 20 million tonnes per annum (MTPA) by FY22. Currently, the company has a production capacity of over 16 MTPA and this will increase to 20 MTPA with the completion of the third line of clinkering plant at Jayanthipuram in Andhra Pradesh and a new cement plant in Kurnool. Till now, Ramco Cements had incurred capital expenditure worth Rs 2,500 crore out of the planned Rs 3,600 crore for FY21. The balance would be expended in the next fiscal. The capital expenditure for the Kurnool plant would be Rs 300 crore and work would be completed by FY22.