Ramco Industries Limited has informed the Exchange about General Updates
RAMCOIND · price
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Ramco Industries Limited's Board has approved increasing the project cost for a new Fibre Cement Board manufacturing plant at Maksi, Madhya Pradesh from Rs.180 Crores to Rs.250 Crores (Gross value). The plant will have an installed capacity of 58,000 M.T. per annum. The Rs.70 Crore cost escalation represents approximately a 39% increase over the original estimate. The board meeting was held on 27.5.2026 from 11:30 a.m. to 2:00 p.m. No other changes were made to the project details already disclosed under SEBI (LODR) regulations.
The significant cost overrun may indicate higher-than-expected construction or equipment costs, which could impact future profitability expectations for the new plant. Shareholders should monitor whether this cost increase affects the project's return on investment metrics.