Ramco Cements expects grinding unit in Vizag to be commissioned in April 2015.

Ramco Cements is expecting its grinding unit at Vizag, which it is setting up at a cost of Rs. 475 crore and it will be commissioned in April 2015.

The company is in the process of establishing a grinding unit at Vizag, in Andhra Pradesh, with a capacity to grind 1 million tonne per annum. There has been a delay in the implementation of the project, including the schedule among other things, due to the damage caused by cyclone Hudhud.

The company posted a net profit of Rs. 23 crore for the quarter ended December 31, 2014, a 10.16 per cent decrease as compared to Rs. 25.6 crore for the quarter ended December 31, 2013. Total Income from operations has decreased to Rs. 815.9 crore for the quarter ended December 31, 2014 from 868.2 crore for the quarter ended December 31, 2013.

BS