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.
 Ramasamy Raja Nagar Plant, Virudhunagar, Tamil Nadu | |
| Private Sector | |
| Traded as | BSE: 500260 NSE: RAMCOCEM |
| Industry | Building material power generation |
| Founded | 1961 |
| Founder | P A C Ramasamy Raja |
| Headquarters | Chennai , India |
Area served | South and East India |
Key people | Venketrama Raja, MD A. V. Dharmakrishnan, CEO |
| Products | Cement |
| Revenue |  |
| Website | www.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
- Alathiyur (in Tamil Nadu),
- Ariyalur (in Tamil Nadu),
- Mathod (in Karnataka),
- Jaggaiahpet (in Andhra Pradesh),
- Virudhunagar (in Tamil Nadu)
and Grinding units at
- Uthiramerur (in Tamil Nadu)
- Valapady (in Tamil Nadu)
- Kolaghat (in West Bengal)
- 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 INR 259 crores on Ramco cements for price fixing[2] [3]
References
- "BSE Plus". BSE. Retrieved 1 December 2019.
- "Hefty fine on 11 cement firms". The Telegraph. 22 June 2012. Retrieved 1 December 2019.
- Dey, Sushmi (24 January 2013). "Busted Cartelising Firms". Business Standard. Retrieved 1 December 2019.