Ramco Cements to set up a green field cement plant in Andhra Pradesh
The Ramco Cements Ltd would set up a 3.15 MTPA greenfield cement plant in Andhra Pradesh. The company would invest around Rs 15 billion in the new plant. The company is also making another Rs 2.5 billion in its grinding capacity in the state. Total CapEx, including these projects, would be around 34.30 billion by end of 2020, said company officials.
With investments, the capacity in Andhra Pradesh would be close to 10 MTPA, making the company the largest Cement Manufacturer in Andhra Pradesh.
Foundation stone for the new plant was laid by Chief Minister of Andhra Pradesh Chandrababu Naidu on Friday.
The plant will come at Kalavatala, Kolimigundla Mandal, Kurnool District at an investment of around Rs 15 billion.
The company proposes to expand its clinker capacity from 3.10 MTPA to 4.60 MTPA along with Waste Heat Recovery System (WHRS) of 27 MW at its Jayanthipuram plant in Krishna District at a cost of Rs 7.4 billion. This project is expected to be commissioned in March 2020.
The company is also expanding its grinding capacity at Vizag by another 1 MTPA with the investment of Rs 2.50 billion for increasing the capacity from 0.9 MTPA to 2 MTPA. It is expected to be commissioned in March 2020.
The company said that environment clearance has been obtained for the proposed plant. The required mining lease for the proposed plant is in place.