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Ramco Cements Limited ( (IN:RAMCOCEM) ) just unveiled an announcement.
The Ramco Cements Limited has received approval from the Government of Andhra Pradesh to include quartzite as an additional mineral under its existing limestone mining lease in Kalavataka and Kotapadu villages in Nandyal district. While the quantum of mineable quartzite reserves is yet to be determined, the company plans to use the extracted quartzite for manufactured sand and pozzolanic additives in the cement industry or other future industrial applications, potentially broadening its raw material base and opening new value-added product opportunities.
More about Ramco Cements Limited
The Ramco Cements Limited is an Indian cement manufacturer with operations centered in South India, producing cement and related building materials for the construction and infrastructure sectors. The company holds limestone mining leases and focuses on securing key mineral resources to support its cement manufacturing and associated value-added products.
Average Trading Volume: 16,435
Technical Sentiment Signal: Strong Buy
Current Market Cap: 249.8B INR
For a thorough assessment of RAMCOCEM stock, go to TipRanks’ Stock Analysis page.