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Ramco Cements Aims to Raise Money through Non-Convertible Securities Amid Expansion Strategy

Updated: April 22, 2025 12:10

Image Source: Business Standard
Ramco Cements Ltd has chalked out intentions to mobilise funds by issue of non-converting securities, strengthening its plan for capital growth. The company's action serves to support the overall financial recasting, cementing long-term growth and effectiveness in operations.
 
Key Highlights:
✅ Capital Raising Program: Ramco Cements is planning to monetize non-core assets of ₹1,000 crore to finance capital expansion.
✅ Capex Investments: The firm has invested ₹1,200 crore in capex, with the emphasis on increasing cement capacity to 30 MTPA by 2026.
✅ Financials: In Q1 FY25, Ramco Cements witnessed a 55% decline in net profit, showing the impact of market conditions and price pressures.
✅ Debt Reduction Plan: The company plans to use proceeds from monetization of assets to lower its gross debt of ₹5,026 crore.
✅ Market Outlook: Experts opine that Ramco's expansion plan would make its market position stronger, providing sustainable growth.
 
With this fundraising drive, Ramco Cements is ready for long-term growth, strengthening its focus on financial health and industry leadership.
 
Source: The Hindu BusinessLine, ICICI Direct, Economic Times

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