RAMCOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramco Industries Ltd's Board approved increasing the project cost for a new Fibre Cement Board plant at Maksi, Madhya Pradesh from Rs.180 Crores to Rs.250 Crores (Gross value). The plant, with an installed capacity of 58,000 M.T. per annum, was originally approved in November 2025. The cost increase is Rs.70 Crores, representing approximately 39% escalation from the initial estimate. No other changes to the project details were announced.
The significant cost overrun may raise concerns about project economics and execution efficiency, though the greenfield expansion signals continued growth ambitions in the fibre cement segment.