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The Ramco Cements Ltd. has posted a 59% drop in its standalone internet revenue for the third quarter ended December to ₹83 crore on account of weak demand.
Gross sales from merchandise rose 16% to ₹1,541 crore. EBIDTA contracted 41% on account of a pointy enhance in gasoline costs and drop in cement costs, it stated in an announcement.
Cement gross sales rose 15% to three million tonnes whereas windfarms generated 2.28 crore models towards 3.50 crore models.
On the continued enlargement, the corporate stated the clinkering unit of two.25 MTPA in Kurnool is predicted to be commissioned subsequent month. The 1 MTPA cement grinding facility, 12 MW of waste warmth restoration system and 18 MW of Thermal Energy Plant in Kurnool are anticipated to be commissioned throughout FY23.
The corporate additionally proposed to broaden the capability of its dry combine merchandise in Tamil Nadu, Odisha and Andhra Pradesh at a price of ₹160 crore to supply high-value merchandise resembling water proofing, restore merchandise, flooring screeds together with liquid merchandise apart from different common dry combine merchandise.
From April to December, the corporate had spent a capex of ₹1,387 crore, of which ₹486 crore was throughout Q3 alone.
Supply- thehindu