Displaying items by tag: Ramco

India: Ramco Cements Ltd expects to commission the US$76.9m grinding unit in Vizag, Andhra Pradesh in April 2015. The company said that, while it has witnessed increased in cement sales in Kerala and West Bengal, in other states where it has operations the demand for cement has become sluggish.

In its unaudited standalone results for the three months that ended 31 December 2014, Ramco Cements showed a decline in income from operations to US$132m as against US$141m in the corresponding quarter of 2013. Net profit for the quarter fell to US$3.72m from US$4.14min the same quarter of 2013.

In the first nine months of the current fiscal year, Ramco Cements sold 5.66Mt of cement in the domestic market, compared to 6.2Mt in the corresponding nine months in the previous year. Exports amounted to 129,000t, taking the total sales to 5.79Mt in the first nine months of the 2015 financial year.

Ramco Cements said that cement production was 8% lower and sales fell by 9% in the first nine months of the 2015 financial year compared to the corresponding period in the previous year. Sales declined in Tamil Nadu, Karnataka, Andhra Pradesh, Telengana and Odisha.

India: The Competition Commission of India (CCI) has closed a case of alleged cartel activity among 11 cement companies due to a lack of evidence. The companies were named as Penna Cements, India Cements, Bharathi Cements, Dalmia (Bharat) Cements, Bhavya Cements, Zuari Cements, Ultratech Cements, Jaypee Cements, Ramco Cements, KCP Cements and My Home Cements.

India: Ramco Cement has announced that it intends to construct a cement factory at Kilimigundla in Kurnool District, Andhra Pradesh at a cost of US$250m. The total investment in the cement plant and related infrastructure could go up to US$500m, as the development will require a 20km rail line to facilitate transport.

Ramco has requested that the State Chief Minister provide necessary land to develop the plant and also facilitate necessary clearances to develop the rail line, which Ramco claims would also be useful for other projects in the area.

Meanwhile, Ramco has indicated that its new plant near Visakhapatnam will also be ready for commissioning by 15 October 2014.

India: Continued slackness in domestic cement demand led to a 47% fall in Ramco Cements' net profit to US$6.04m during the second quarter of 2014, which ended on 30 June 2014, down from US$11.5m during the same quarter of 2013. Revenues fell by 2.8% to US$160m, down from US$165m in 2013.

On a consolidated basis, Ramco Cements earned a net profit of US$6.10m during the second quarter of 2014, which includes results of its subsidiary company, Ramco Windfarms, as well as its associate company, Ramco Systems.

Ramco Cements expects performance to improve in the coming months. It is establishing a cement grinding plant at Vishakhapatnam, Andhra Pradesh, with a 1Mt/yr grinding capacity, at a cost of US$59.8m. The project will be completed over the next few months and will help the company to grow in the Andhra Pradesh, Orissa and Chhattisgarh State markets. Ramco Cements is also working on increasing capacity at its thermal power plants at Alathiyur Village and Ariyalur Town in Tamil Nadu State.

India: Energy management firm Schneider Electric has entered into a strategic partnership with industrial software developer Ramco Systems. The partnership will see Ramco's process optimisation software, OPTIMA, become a part of Schneider Electric's solutions for the cement industry. The partnership is intended to offer cement producers products that optimise production processes by reducing energy and emissions focusing on kiln and mill operation.

"The combined offer of process control, expert system and energy management allows the deployment of a unique optimisation strategy. This strategy will ensure optimum consumption of resources, best use of assets, maintain quality of product and stabilise processes while building an environmentally-sustainable business," said Mining, Minerals and Metals Solution President, Schneider Electric, Diego Areces.

OPTIMA is an process optimisation solution that has been designed to improve plant productivity and efficiency and leverages technologies like fuzzy logic, regression analysis and artificial intelligence techniques.

India: Producers in the south of India have started exporting cement to Myanmar in response to depressed market conditions locally. Chettinad Cements, the India Cements, Dalmia Cements and Ramco Cements have all started shipping cement to Myanmar in the past few months, according to local media.

"We started shipments in January 2014 to Myanmar of about 10,000 - 12,000t. It is not very remunerative, but when the chips are down, we have do something to stay afloat," said Vipin Agarwal, CEO-south, Dalmia Cements. He added that producers make 'token' profits from this market but hope it will become profitable in the future. Dalmia transports its cement from Dalmiapuram in central Tamil Nadu to Tuticorin port for subsequent export. Ramco Cements also starting trialling cement exports to Myanmar in mid-2013, having shipped around 40,000t so far.

Agarwal said that demand in south India has continued to fall with growth in Karnataka, no change in Kerala and decreases in Tamil Nadu and Andhra Pradesh. Cement producers in the region are operating at 55% of their rated cement production capacities. Myanmar is the second export market that cement producers are testing, after Sri Lanka.