Ramco Group plans Rs. 1500-cr cement plant in Andhra Pradesh.

The Chennai-based Ramco group is planning to set up a cement plant in Kolimigandla mandal of Kurnool district in Andhra Pradesh (AP) with an initial investment of Rs. 1,500 crore. By the end of final phase, the total investment in the proposed unit is expected to go up to Rs. 3,000 crore, according to Parakala Prabhakar, State Government’s Communication Adviser.

Ramco group is the fifth largest cement producer in the country and currently has eight manufacturing facilities spread over Tamil Nadu, Karnataka and AP with a combined capacity of 15.5 million tonnes per annum.

BS