"The company is making continuous efforts to optimise the supply chain efficiency," it said in a statement. "It has been constantly focussing on various cost reduction initiatives and improving productivity while maintaining the highest quality standards."
Ramco said the second unit cement grinding plant at Kolaghat in West Bengal started commercial production last month, doubling the capacity to two million tonnes per annum. The remaining on-going capacity expansion programme is progressing as per schedule but for the delays due to extended monsoon.
The company has so far incurred Rs 1,430 crore for the capacity expansion programme. It plans to meet the capital expenditure partly through internal accruals and partly through borrowings.
Ramco's total borrowings as on September 30 stood at Rs 2,441 crore, including current maturities of Rs 287 crore.
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