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The Ramco Cements

BSE: 500260|NSE: RAMCOCEM|ISIN: INE331A01037|SECTOR: Cement - Major
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Company History - The Ramco Cements
1957
 
 - The Company was Incorporated at Rajapalayam, in Tamilnadu.  The
 Company Manufacture cement and allied products.  Cement is marketed
 under brand of RAMCO Portland Cement.
 
 - 480-6.25% Pref. and 295 No. of equity shares issued without
 payment
 in cash.  Arrears: Rs 63,428.
 
 1967
 
 - The Company issued 50,000 right equity shares at par in prop/1:1
 (Equity pref.) and 20,000 right redeemable pref. shares 2:5 (equity
 pref.) during 1962-63.  Arrears: Rs 34,940.
 
 1973
 
 - Authorised capital reclassified.  In June, 30,000 pref. and
 1,40,000
 No. of equity shares issued at par as rights in prop. 14 No. of
 equity
 and 3 pref. to every 10 equity and/or 9.5% irredeemable pref.
 shares.
 Only 11,500 pref. and 51,000 No. of equity shares taken up.  The
 balance 18,500 and 89,000 No. of equity shares offered to the public
 in
 October.  Arrears: Rs 9,57,480.
 
 1978
 
 - Division on all pref. shares raised to 11% during 1975-76.  28,000
 No. of equity shares issued during the year.  Arrears: Rs 7,49,468.
 
 1982
 
 - 44,375 No. of equity shares issued at par and allotted to
 financial
 institutions upon part conversion of their loans during 1982-83.
 Arrears: Rs 32,000.
 
 1985
 
 - The Company undertook to replace the 4 cement mills at its
 Ramasamyraja Nagar Works, which were 20 years old, by a single new
 `Combidan Cement Mill'.  The mill was commissioned towards the end
 of
 the year.
 
 - A 132 KVA sub-station and the limestone crushing plant were
 installed.  The project was commissioned during December 1986.
 
 1986
 
 - 12,00,000-15% secured non-convertible debentures of Rs 100 each
 were
 issued at par as rights in the proportion four debentures for every
 equity share held.  The debentures would be redeemed at a premium of
 Rs
 5 per share on the expiry of 7 years from the date of allotment or
 in
 three equal instalments of Rs 35 each at the end of the 7th, 8th and
 9th year from the date of allotment.  The Company allotted
 additional
 1,93,742 debentures to retain over subscription.
 
 1988
 
 - Two D.G. sets were installed in the middle of the year to meet 60%
 of
 the unit's power requirement at Jayanthipuram.
 
 1990
 
 - The Company decided to expand the capacity of Tamilnadu factory by
 one lakh tonnes per annum considering the growing demand for cement
 in
 Southern States and the potential for exports to Srilanka and
 Maldives.
 
 1992
 
 - The Company set up a 4 MW wind mill farm at Muppandal, Kanyakumari
 district, Tamil Nadu.  The wind mill, Asias largest one to be
 commissioned in the Private sector, was set up.  All the 16 wind
 turbines were commissioned in March 1993.
 
 - Power generated is supplied to Tamil Nadu Power Grid and the
 credit
 for the same is allowed by Tamil Nadu Electricity Board against
 their
 bills for Company's power consumption.
 
 - 10,000-15% Pref. shares redeemed on 31.3.1993, 3,02,068 bonus
 equity
 shares issued in prop. 1:1.  Allotment of 307 bonus shares with held
 in
 accordance with law.
 
 1993
 
 - The Company proposed to set up a new Cement factory in Tamilnadu
 with
 an annual capacity of 6,00,000 tonnes and also a Cement Grinding
 unit
 in Sri Lanka with an annual capacity of 5,50,000 tonnes.  Also
 proposed
 to set up a Cement Grinding unit at Vishakapatnam, Andhra Pradesh to
 grind both Ordinary portland and portland slag Cement.
 
 - Additional capacity was created by adding 8 Nos. wind turbines of
 250
 KW each at Muppandal wind mill farm taking the generation capacity to
 6
 MW.
 
 1994
 
 - The Company upgraded the capacity of the Jayanthipuram Unit to 1.1
 million tonnes and also upgraded the Cement mills capacity in R. R.
 Nagar and Jayanthipuram units.
 
 - The Company proposed to increase the capacity of Cement project in
 Tamilnadu from 6,00,000 tonnes per annum to 9,00,000 tonnes per
 annum.
 
 - The Company substantially increased the capacity of windmills by
 installing 70 more windmills.  It was also proposed to set up
 additional wind mills.
 
 - 5,92,116 bonus equity shares allotted in ratio of 1:1.  12,879
 bonus
 shares remain unallotted pending completion of required formalities.
 Preference shares redeemed during the year.
 
 1995
 
 - The Company enhanced power generation capacity at Jayanthipuram
 unit
 to 15.3 MW by commissioning an additional diesel generator set to
 maintain normal production in view of frequent power-cut and power
 trippings.
 
 - A new composite cement unit with a capacity of 5 lakh tonnes per
 annum is proposed to be set up at R. R. Nayar.
 
 - 27 more wind mills with a total additional installed capacity of
 10.5
 MW were set up at Poolaradi in Tamil Nadu.
 
 - 1335 shares kept in abeyance issued as bonus shares.
 
 1996
 
 - 35 shares kept in abeyance issued.
 
 1997
 
 - 149 shares allotted pursuant to a contract without payment being
 received in cash.
 
 - Madras Cements has satisfactorily commissioned its third cement
 plant
 in Alathiyur, the second in Tamil Nadu.
 
 - The Company's Jayantipuram unit lost almost a month's production
 due
 to breakdown of the raw mill.
 
 - The clinker plant of the Alathiyur unit was commissioned in March
 while the grinding unit was commissioned in May.
 
 - Crisil had assigned a `P1+' rating to the Rs.56 crore commercial
 paper issue of Madras Cements Ltd.  A `P1+' rating has been assigned
 to
 the commercial paper issue of Madras Cements Ltd, indicating that
 the
 degree of safety regarding timely payment on the instrument is very
 strong.
 
 1998
 
 - Madras Cements Ltd. is embarking on forward integration by setting
 up
 a ready-mix concrete (RMC) plant near Chennai.  The plant, to be
 located at Medavakkam, will have a capacity of 45,000 cu mtrs.
 
 - The company has tied up with Visakhapatnam Steel Plant (VSP) for
 procuring slag, a blast furnance residue and a crucial input for
 slag
 cement.
 
 - Madras Cement's Rs 360 million non convertible debenture issue has
 been downgraded from AA+ (double a plus) to AA (double A).  The
 rating
 of the fixed programme has been downgraded from FAAA (F triple A) to
 FAA+ (F double A plus).  The Rs 560 million commercial paper
 programme
 has been reaffirmed at P1+ (P one plus).
 
 1999
 
 - ACC came out with two brands on blended cement - `ACC Suraksha'
 and
 `ACC Super'.  These brands will have a national presence and will
 substitute the company's regional brands in the long run.
 
 - Madras Cements is one of the largest cement companies in South
 India
 with three manufacturing facilities (two in Tamil Nadu and one in
 Andhra Pradesh).
 
 - The company has increased its capacity from 1.8 million tonnes to
 2.75 million tonnes.
 
 - Madras Cements Ltd and a Murugappa group company Southern Energy
 Development Corporation Ltd (SEDCO) could become first players in
 the
 private sector to set up a gas-based captive power plant (CPP) in
 Tamil
 Nadu.
 
 - Madras Cement has tied up with Gas Authority of India Ltd (GAIL)
 for
 supply of gas and the fuel supply agreement was inked on April 15,
 1999.
 
 - The company has tied up with Oil and Natural Gas Corporation
 (ONGC)
 for supply of 25,000 cu mtrs of gas per day from its Nallore well,
 near
 Mannargudi in Tamil Nadu.
 
 - MCL would install 27 Very Small Aperture Terminals (VSATs).  MCL
 is
 also installing a Business Process Re-engineering (BPR) package
 along
 with the ERP package.
 
 - Madras Cements, flagship of the Ramco group, is embarking on a Rs
 200
 crore expansion plan to increase its annual capacity to six million
 tonne by 2001.
 
 - Madras Cement has tied up with Vizag Steel Plant for supply of
 slag.
 It is also setting up a gas-based captive power plant in Tamil Nadu
 in
 a bid to reduce its power cost.  An agreement has been entered into
 with GAIL for supply of 80,000 cu mtrs of gas per day.
 
 2000
 
 - The Company has launched the Ramco Super Steel cement in Tamil
 Nadu.
 
 - The Company has scaled up the Capacity of its proposed gas based
 captive power plant at Mayavaram, Tamil Nadu to 30 mw from 15 mw.
 
 
 2003
 
 -Madras Cements members approve stock split of the existing equity
 shares of Rs 100/- to  10 shares of Rs 10/- each.
 
 2004
 
 -Madras Cements Ltd. has informed that Shri. T.K. Thirumalaiappa
 Mudaliar passed away on January 3, 2004.
 
 2007
 
 -Madras Cements Ltd has informed that Government of Tamil Nadu has
 appointed Shri. Rajeev Ranjan, I.A.S., Industries Commissioner and
 Director of Industries and Commerce as their Nominee Director on the
 Company's Board with effect from August 22, 2007 in the place of
 Shri. M Raman, I.A.S.
 
 2008
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 - The Company has splits its face value from Rs10/- to Rs1/-.
 
 
 2009
 
 -Board of Directors of the Company at its meeting held on inter alia,
 have declared an Interim Dividend of Rs 1/- per share of Rs 1/- each.
 
 
 2010
 
 - Madras Cements Ltd is planning to increase the manufacturing
 capacity of its Ariyalur plant in Tamil Nadu for which it is looking
 forward for an Rs.800 crore investment.
 
 - The directors have announced a final dividend of 50 paise per
 share.
 
 
 2012
 
 - Winner of CII Environmental Best Practices Award.
 
 - Andhra Pradesh Pollution Control Board and Environment & Forest
 Dept, Government of AP, presented the Award to Madras Cements Ltd.,
 Jayanthipuram Unit in recognition of practicing Cleaner Production
 Measures, on the eve of World Environment Day celebrated at
 Hyderabad.
 
 - The Board of Directors of the Company declared an Interim Dividend
 of Rs. 2.00 per share of Rs. 1.00 each.
 
 2013
 - Madras Cements Ltd. shall be changed to The Ramco Cements Ltd. and
 the trading symbol of the Company be changed from MADRASCEM to
 RAMCOCEM.
 
 2014
 -The Board recommended Dividend of Re. 1/- per share.
 
 2015
 -The Ramco Cements Ltd  won the following awards constituted by
 National Council for Cement and Building Materials
 -Order passed by Competition Appellate Tribunal (COMPAT)
 -CLSA - Life-high unit Ebitda
 -CENTRUM - Sparkling Performance Continues
 
 2017
 -Awards received from NCCBM.
 
Source : Dion Global Solutions Limited
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