Ramco Industries Approves Increased Project Cost for New Fibre Cement Plant in Madhya Pradesh
Ramco Industries Limited announced an increase in the estimated project cost for its planned manufacturing facility at Maksi in Madhya Pradesh. The revision follows a Board Meeting held on May 27, 2026.Previously, the company’s Board had approved setting up the new plant for the manufacture of Fibre Cement Boards, featuring an installed capacity of 58,000 Metric Tonnes per annum (M.T. p.a.). The initial estimated project cost was reported as around Rs. 180 Crores (Gross value).
At the Board Meeting conducted on May 27, 2026, the company formally approved the revised project expenditure. The new total project cost has been increased from Rs. 180 Crores (Gross value) to Rs. 250 Crores (Gross value).
The core details of the planned facility remain unchanged, including the product and installed capacity.
The key financial details relating to the new plant project are summarized below:
| Detail | Specification | Value |
|---|---|---|
| Product | Fibre Cement Boards | N/A |
| Location | Maksi, Madhya Pradesh | N/A |
| Installed Capacity | 58,000 M.T. p.a. | N/A |
| Initial Project Cost | Gross value | Rs. 180 Crores |
| Revised Project Cost | Gross value | Rs. 250 Crores |
RAMCOIND Stock Price Movement
Today, Ramco Industries Limited shares edged higher, closing at ₹316.40 after gaining 6.12%. The stock settled on a volume of 2.27 million shares, indicating strong investor interest during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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