Ramco Cement saw a marginal decline in its share price early on April 3, despite the commissioning of Line II and the initiation of commercial production at its grinding unit in Haridaspur, Odisha’s Jajpur district.
As of 9:22 am, Ramco Cements was trading at Rs 853.50, down by Rs 7.60 or 0.88 percent on the BSE.
The newly commissioned Line II has a cement manufacturing capacity of 0.90 million tonnes per annum (MTPA), contributing to the expansion of the aggregate capacity of the Odisha Grinding Unit to 1.8 MTPA.
Although the stock previously reached a 52-week high of Rs 1,057.85 and a low of Rs 715.40 on December 14, 2023, and April 24, 2023, respectively, it is currently trading 19.32 percent below its yearly high and 19.3 percent above its yearly low.
