Ramco Cements eyes Rs 7500 cr revenue in FY21
With Ramco Supercrete cement, the company becomes a complete cement solutions provider
Ramco Cements, which clocked Rs 5146 crore revenues during the last fiscal, expects to touch the Rs 7500 crore mark by the end of next financial year, backed by the capacity expansion.
"Our current capacity is 12.5 million tonnes per annum. Once the current expansion plans are completed, we expect the revenues to touch Rs 7500 crore by FY21. Bulk of the capacity (expansion) will come this year and rest during the next year," Balaji K Moorthy, executive director (marketing) said.
Ramco Cements is setting up a 3.15MTPA green field cement plant in Kalavatala Village, Kolimagandla Mandal, Kurnool district in Andhra Pradesh with an investment of around Rs 1500 crore. With this, the capacity in Andhra Pradesh will be close to 10 MTPA, making the company the largest cement manufacturer in Andhra Pradesh.
The Chennai-based manufacturer launched Ramco Supercrete cement, an environment friendly and high strength cement for crack-free concrete in Andhra Pradesh and Telangana recently.
With the launch of Ramco Supercrete cement, the new premium blended cement, Ramco becomes the complete cement solutions provider as the product will meet the requirements of all consumers and specifiers who prefer higher grades of concrete as it not only provides excellent strength but excellent durability too, he added.