Ramco Cements

The Ramco Cements Limited (formerly Madras Cements Limited) is a company of the Ramco Group, a business group based in Chennai, India. The company also produces ready mix concrete and dry mortar products and operates wind farms.

Ramco Cements
Public
Traded asBSE: 500260
NSE: RAMCOCEM
IndustryBuilding material
power generation
Founded1961
FounderP A C Ramasamy Raja
Headquarters
Chennai
,
India
Area served
South and East India
Key people
Venketrama Raja, MD
A. V. Dharmakrishnan, CEO
ProductsCement
Revenue INR 51.462 billion (2018-19)[1]
Websitewww.ramcocements.in

Operations

Cement Production

The main product of the company is Portland cement, manufactured in eight production facilities that includes Integrated Cement plants and Grinding units with a current total production capacity of 16.45 MTPA (out of which Satellite Grinding units capacity alone is 4 MTPA).

It manufactures and markets Portland cement, blast furnace slag cement, white cement and Pozzolana cement. The company has Integrated Cement plants at

  1. Alathiyur (in Tamil Nadu),
  2. Ariyalur (in Tamil Nadu),
  3. Mathod (in Karnataka),
  4. Jaggaiahpet (in Andhra Pradesh),
  5. Virudhunagar (in Tamil Nadu)

and Grinding units at

  1. Uthiramerur (in Tamil Nadu)
  2. Valapady (in Tamil Nadu)
  3. Kolaghat (in West Bengal)
  4. Visakhapatnam (in Andhra Pradesh)

Wind Power Generation

Ramco Cements opened its first windfarm at Muppandal in 1993. In 1995, Ramco Cements installed 69 additional windmills at Poolavadi near Coimbatore. As of 2019, the total installed windmill capacity is with 165.785 MW with 235 individual units.

Controversies

Cartel

Competition Commission of India has accused Ramco cements of Cartelisation with other cement firms in Cement Manufacturers Association in India. It has slapped fine of ₹259 crores on Ramco cements for price fixing.[2][3]

gollark: I'm trying to make it transitive, unlike apiotelephone calls, but it's hard.
gollark: Not exactly.
gollark: And there's no way to configure it.
gollark: And it's entirely on the test instance.
gollark: Not as of now. It's being done in-process by ABR.

References
  1. "BSE Plus". BSE. Retrieved 1 December 2019.
  2. "Hefty fine on 11 cement firms". The Telegraph. 22 June 2012. Retrieved 1 December 2019.
  3. Dey, Sushmi (24 January 2013). "Busted Cartelising Firms". Business Standard. Retrieved 1 December 2019.

See also
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.