Undeterred by the economic slowdown, Ramco Cements Ltd. will be investing more than ₹2,200 crore in the coming months in various upcoming projects in Andhra Pradesh and Odisha, said a top official. “Economic slowdown is an ideal situation to invest,” said S. Vaithiyanathan, CFO, Ramco Cements. “We generally tend to invest during down cycle so that the plant would be ready for commissioning when the upswing starts,” he said. According to him, Ramco Cements had announced its intention to ramp up its production capacity to 20 million tonnes by 2020 from 12 million tonnes. So far, Ramco Cements had invested ₹438 crore and ₹147 crore and the balance of ₹180 crore would be invested soon.

Source: The Hindu October 19, 2019 15:33 UTC