TheHonourable Prime Minister Narendra Modi today virtually inaugurated the Gati Shakti Cargo Terminal project of the company at Jayanthipuram village, Jaggaiahpet Mandal, NTR District, Andhra Pradesh. With the inauguration of the project, Ramco Cements will be transporting crushed limestone from its mines in Budawada to its integrated cement plant in Jayanthipuram.This project is the first of its kind in the country wherein a cement company will be transporting crushed limestone from its mines to the cement plant`s wagon unloading area through railway wagons using electric locomotive, in an environment friendly manner. The railway wagons with crushed limestone from the Budawada mines will travel a distance of 8.3 Kms to the Jayanthipuram plant unloading point. A distance of 4.9 Kms will be on the South Central Main Railway Line connecting Mellacheruvu to Jaggaiahpet stations, while 3.4 Kms will be on Ramco Cements` dedicated sidings.Powered by Capital Market - Live News

Net profit of The Ramco Cements rose 63.85% to Rs 84.48 crore in the quarter ended December 2023 as against Rs 51.56 crore during the previous quarter ended December 2022. Sales rose 6.04% to Rs 2110.88 crore in the quarter ended December 2023 as against Rs 1990.69 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2110.881990.69 6 OPM %18.7914.22 - PBDT301.18231.01 30 PBT121.4194.76 28 NP84.4851.56 64 Powered by Capital Market - Live News

The Ramco Cements has received credit ratings from ICRA as under:Non-Convertible Debentures (Existing) (Rs 995 crore) - AA+ (Stable) (reaffirmed) Non-Convertible Debentures (Fresh) (Rs 500 crore) - AA+ (Stable) (assigned) Powered by Capital Market - Live News

The Ramco Cements has receives reaffirmation/ assignment in credit ratings from ICRA as under:Long term bank facilities (Rs 5513 crore) - ICRA AA+; Stable (reaffirmed)Long term bank facilities (Rs 1748 crore) - ICRA AA+; Stable (assigned)Non convertible debentures (Rs 1195 crore) - ICRA AA+; Stable (reaffirmed)Commercial paper / short term debt (Rs 900 crore)- ICRA A1+ (reaffirmed) Powered by Capital Market - Live News

Net profit of The Ramco Cements rose 2238.31% to Rs 72.02 crore in the quarter ended September 2023 as against Rs 3.08 crore during the previous quarter ended September 2022. Sales rose 33.48% to Rs 2340.57 crore in the quarter ended September 2023 as against Rs 1753.46 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales2340.571753.46 33 OPM %17.3310.71 - PBDT300.58139.54 115 PBT137.8317.55 685 NP72.023.08 2238 Powered by Capital Market - Live News