Shares of The Ramco Cements Ltd ended flat on 4th September after touching a day’s excessive of Rs 1,098, regardless of the corporate saying the commissioning of an 8 MW waste warmth restoration system at its Ramasamy Raja Nagar cement plant.
With the brand new system, waste warmth energy technology on the Ramasamy Raja Nagar plant has elevated from 2 MW to 10 MW. Total, Ramco Cements’ waste warmth energy technology capability has risen from 45.15 MW to 53.15 MW.
Cement shares, together with Ramco Cements, had been additionally in focus after the GST Council permitted decreasing the GST charge on cement from 28% to 18%, efficient from twenty second September.
In Q1, Ramco Cements posted a web revenue of Rs 84.5 crore, up from Rs 36.5 crore final yr. Income fell 0.9% to Rs 2,074 crore from Rs 2,093 crore, whereas EBITDA rose 24.5% to Rs 397.9 crore from Rs 319.6 crore. Margins improved to 19.1% from 15.3% a yr in the past.
At 3:30 PM, the shares of Ramco Cements ended 0.54% larger at Rs 1,090.30 on NSE.
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