Displaying items by tag: Ramco Cement

India: Ramco Cements has entered into an agreement with Ramco Industries, a fellow subsidiary of Ramco Group, to buy a 216,000t/yr grinding plant at Kharagpur in West Bengal. The deal covers the land and equipment at the site. The cement producer will pay US$2.6m as part of the agreement.

India: Around 1500 villagers have protested against a cement plant that Ramco Cement plans to build in the Jaipur district of Odisha. The protestors have expressed fears that the plant will damage their crops, according to the Pioneer newspaper. A representative of the local government said that the project has already received environmental clearance.

India: Binani Cement has received six bids in its sale process. Offers were received from UltraTech Cement, JSW Cement, Ramco Cement, HeidelbergCement India, Dalmia Cements and a pair of Indian investors, according to the Daily News & Analysis newspaper. The bids ranged from around US$630m to US$940m. However, each bid came with various clauses that made the committee of creditors refer them to a consultancy for evaluation.

India: P R Ramasubrahaneya Rajha, the chairman of business conglomerate Ramco Group, has died at the age of 82 after a brief illness. He is survived by his wife and son P R Venkatarama Rajha, the vice-chairman and managing director of the group, according to the Press Trust of India. Ramasubrahaneya Rajha was the son of the group’s founder P A C Ramasamy Rajah.